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QUESTION 7 Arkansas Corp. is preparing its statement of cash flows...

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Accounting

QUESTION 7
Arkansas Corp. is preparing its statement of cash flows using the indirec method. It provides the following information about transactions for the year: 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? $(39,000)
$47,000
$(63,000)
$(47,000)
2 points
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