Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year: Plant assets, netlong dashbeginning balance: $ 113 comma 000 Plant assets, netlong dashending balance: $ 147 comma 000 Equipment was purchased for $ 63 comma 000 with cash. Equipment with a net asset value of $12,000 was sold for $ 19 comma 000. Depreciation Expense of $ 15 comma 000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? A. $ (38 comma 000 ) B. $ (59 comma 000 ) C. $ (44 comma 000 ) D. $ 44 comma 000
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Home » Business » Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year: Plant assets, netlong dashbeginning balance: $ 113 comma 000 Plant assets, netlong dashending