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, net-beginning balance: $111,000
Plant assets, net-ending balance: $148,000
Equipment was purchased for $65,000.
Equipment with a net asset value of $12,000 was sold for $18,000.
Depreciation Expense of $16,000 was recorded during the year.
What was the amount of net cash provided by (used for) investing activities?
A) $(47,000 )
B) $47,000
C) $(63,000 )
D) $(39,000 )
A .A)
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