QUESTION 14 Arkansas Corp. is preparing its statement of cash flows using the indirect method....
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QUESTION 14 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: $100,000 Plant assets, net-ending balance: $150,000 Equipment was purchased for $50,000 with cash. Equipment with a net asset value of $12,000 was sold for $15,000. Depreciation Expense of $10,000 was recorded during the year. What was the amount of net cash provided by (used for) investing activities? O $50,000 O $(65,000) OS(35,000) $35,000 QUESTION 15
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