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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,
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: $114,000 Plant assets, net-ending balance: $150,000 Equipment was purchased for $63,000 with cash. Equipment with a net asset value of $12,000 was sold for $18,000. Depreciation Expense of $17,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? A. $(37,000) O B. $45,000 O C. $(62,000) D. $(45,000)
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