Christopher Corp

question 105

Multiple Choice

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: $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)$48,000
• C)$(67,000)
• D)$(41,000)

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Definitions:

Protein

Large biomolecules consisting of one or more chains of amino acids, crucial for the structure, function, and regulation of the body's cells, tissues, and organs.

Amylase

An enzyme that catalyzes the breakdown of starches into sugars, playing a critical role in the digestive process.

Trypsin

An enzyme produced in the pancreas that plays a key role in the digestive process by breaking down proteins into smaller peptides in the small intestine.

Phospholipid

A type of lipid molecule that is a major component of all cell membranes, known for its polar head and nonpolar tail structure.