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radiants radiants
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5 years ago
Christopher Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year:

Plant assets, netbeginning balance: $108,000
Plant assets, netending balance: $149,000
Equipment was purchased for $67,000.
Equipment with a net asset value of $12,000 was sold for $19,000.
Depreciation Expense of $19,000 was recorded during the year.

What was the amount of net cash provided by (used for) investing activities?
A) $(48,000)
B) $48,000
C) $(67,000)
D) $(41,000)
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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minty_icyminty_icy
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5 years ago
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radiants Author
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#2
5 years ago
TY!
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#3
5 years ago
You're welcome
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