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Question 31 nts Save Answer Arkansas Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions
Question 31 nts Save Answer 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: $111,000 Plant assets, net-ending balance: $148,000 Equipment was purchased for $65,000 with cash. 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) OD) $(39,000)
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