Question
Christopher Ltd, is preparing its cash flow statement using the indirect method. It provides the following information about transactions for the year Noncurrent assets, net
Christopher Ltd, is preparing its cash flow statement using the indirect method.
It provides the following information about transactions for the year
Noncurrent assets, net beginning balance $111,000,
Noncurrent assets, net ending balance $144,000,
Equipment costing $67,000 was purchased for cash Equipment with a net asset value of $12,000 was sold for $17,000
Depreciation expense of $19,000 was recorded during the year
What was the amount of net cash provided by (used for) investing activities?
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