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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: $111,000
Plant assets,net-ending balance: $148,000
Equipment was purchased for $65,000.
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?
Premium on Bonds Payable
The amount by which a bond's selling price exceeds its principal (face value), reflecting superior credit quality or lower market interest rates.
Common Stock Dividend
Payments made to shareholders from a company's earnings, reflecting a share of the profit allocated to each share of common stock.
Bonds Payable
Represents the amount owed to bondholders by the issuer, typically a long-term liability on the company’s balance sheet.
Long-term Debt
Borrowings or financial obligations that are due to be repaid more than one year from the balance sheet date.
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