In 2017, Bayking Company sold used equipment for $17,000. The equipment had an original cost of...

Transcribed Image Text:

In 2017, Bayking Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-for-maturity securities for $7,000. Net income for the year was $66,000 after deducting $8,000 in depreciation expense. There were no other transactions conducted during the period. What are the 2017 operating cash flows for BayKing? O A. $64,000 O B. $71,000 OC. $74,000 D. $77,000 In 2017, Bayking Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated depreciation as of the date of sale was $60,000. BayKing also purchased held-for-maturity securities for $7,000. Net income for the year was $66,000 after deducting $8,000 in depreciation expense. There were no other transactions conducted during the period. What are the 2017 operating cash flows for BayKing? O A. $64,000 O B. $71,000 OC. $74,000 D. $77,000

Answer rating: 100% (QA)

1 Answer is C 74000 N... View the full answer