Degeare Corporation's balance sheet and income statement appear below: Cash dividends were $10.The company sold equipment for $18 that was originally purchased for $10 and that had accumulated depreciation of $5.The net cash provided by (used in) operating activities for the year was:

A) $73
B) $76
C) $43
D) $63

Accumulated Depreciation

The total amount of depreciation expense that has been recorded for an asset since it was acquired.

Cash Dividends

Payments made by a corporation to its shareholder members from current or retained earnings, usually in the form of cash.

Operating Activities

The day-to-day functions of a business related to producing and delivering its goods and services, as reflected in its cash flow.