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Thanks 7 Luis Ltd is preparing its cash flow statement using the indirect method. It provides the following information about transactions for the year: Non-current
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7 Luis Ltd is preparing its cash flow statement using the indirect method. It provides the following information about transactions for the year: Non-current assets, net-beginning balance: $111,000 Non-current 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? * (0/1 Point) $(69,000) $(31,000) $50,000 $(50,000)Step by Step Solution
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