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:

Strategic Plans

Strategic plans are comprehensive, future-oriented outlines that specify an organization's vision, goals, and methods to achieve these goals, considering both internal and external environments.

Situational Analysis

The process of assessing an organization's internal and external environment to understand its capabilities, customers, and business environment.

Grand Strategy

A comprehensive plan of action developed by a state or organization to achieve long-term objectives and fulfill overarching goals.

Organization Environment

Pertains to the external and internal factors influencing an organization's operations, including economic, technological, social, and political elements.