Question Help Christopher Corp. is preparing its statement of cash flows using t

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Christopher Corp. is preparing its statement of cash flows using the indirect method. It provides the following information about transactions for the year:

Plant assets,

netlong dash—beginning

balance: $108,000

Plant assets,

netlong dash—ending

balance: $149,000

Equipment was purchased for $67,000.

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?

A.

$48,000

B.

$(67,000)

C.

$(41,000)

D.

$(48,000)

Click to select your answer.

Explanation / Answer

Cash for Investing activities Purchase of Equipment ($67,000) Sale of Equipment $19,000 Net cash used from investing activities ($48,000) Ans Option D -$48000 If any doubt please comment. If satisfied you can rate the answer

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