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Rodriguez Inc \quad \quad \quad \quad \quad

Question 73

Multiple Choice

Rodriguez Inc. uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad Rodriguez Inc.
\quad \quad \quad \quad \quad \quad \quad \quad \quad Comparative Balance Sheet
\quad \quad \quad \quad \quad \quad \quad \quad \quad December 31, 2014 and 2013
20142013 Increase/decrease  Cash $21,000$18,000$3,000 Accounts Receivable 31,00035,000(4,000)  Inventory 53,00025,00028,000 Plant and Equipment 123,00090,00033,000 Accumulated Depreciation-Plant and Equipment (43,000) (40,000) (3,000)  Total assets $228,000$168,000$60,000\begin{array}{lrrc}\hline&2014&2013& \text { Increase/decrease } \\ \text { Cash } & \$ 21,000 & \$ 18,000 & \$ 3,000 \\\text { Accounts Receivable } & 31,000 & 35,000 & (4,000) \\\text { Inventory } & 53,000 & 25,000 & 28,000 \\\text { Plant and Equipment } & 123,000 & 90,000 & 33,000 \\\text { Accumulated Depreciation-Plant and Equipment } & (43,000) & (40,000) & (3,000) \\ \text { Total assets } & \$ 228,000 & \$ 168,000 & \$ 60,000 \\\hline\end{array} Additional information provided by the company includes the following:
1) Equipment costing $65,000 was purchased for cash.
"2) Equipment with a cost of $32,000 and accumulated depreciation of $7,000 was sold for $45,000.
What was the amount of net cash provided by (used for) investing activities?"


A) $120,000
B) $20,000
C) $(120,000)
D) $(20,000)

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