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Old Alabama Company purchased investments for $45,000 and plant assets for $127,000 during the current year, during which it also sold plant assets for $66,000, at a gain of $6,000. The company also purchased treasury stock for $78,000 and sold a new issue of common stock for $523,000.

Determine the amount of cash provided by or used for investing activities for the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9406056

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