Question: Peach Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year: Plant assets,
Peach 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 $65,000 with cash. 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? O $46,000 O $(65,000) O $(46,000) O $(37,000)
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