Christopher Corp

question 126

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: $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)$(45,600)
• B)$45,600
• C)$(60,000)
• D)$(45,000)

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Definitions:

Null Hypothesis

The default hypothesis that there is no effect or no difference, and any observed deviation from this state is due to chance.

Directional

Pertaining to a hypothesis or research that specifies the direction of an expected relationship or difference between variables.

Alternative Hypothesis

The hypothesis stating there is a significant difference or effect, tested against the null hypothesis.

T Statistic

A value used in statistical analysis that helps determine if there is a significant difference between the means of two groups.