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Business, 07.12.2019 03:31 dinarussell74

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, net – beginning balance: $108,000
plant assets, net – ending balance: $144,000
equipment costing $62,400 was purchased for cash
equipment with a net asset value of $12,000 was sold for $16,800
depreciation expense of $14,400 was recorded during the year
what was the amount of net cash provided by (used for) investing activities?
a.$(45,000)
b.$45,600
c.$45,600
d.$(60,000

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