Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the...
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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, net-beginning balance: $110,000 Plant assets, net-ending balance: $147,000 Equipment was purchased for $67,000 with cash. Equipment with a net asset value of $12,000 was sold for $20,000. Depreciation Expense of $16,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? O A. $(47,000) O B. S(63,000) O C. $47,000 O D. $(41,000) 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, net-beginning balance: $110,000 Plant assets, net-ending balance: $147,000 Equipment was purchased for $67,000 with cash. Equipment with a net asset value of $12,000 was sold for $20,000. Depreciation Expense of $16,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? O A. $(47,000) O B. S(63,000) O C. $47,000 O D. $(41,000)
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Answer Net cash provided by used for investing activities A 47000 ... View the full answer
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