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Selected information from Trolley Corporation's 2013 accounting records is as follows: Proceeds from sale of land, $125,000; Proceeds from long-term borrowings, $250,000; Purchases of plant assets, $60,000; Purchases of inventories, $375,000; Proceeds from sale of Trolley common stock, $200,000. What is the net cash provided (used) by investing activities for the year ended December 31, 2013?

a) $15,000

b) $65,000

c) $140,000

d) $450,000

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M945892

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