Business, 23.08.2020 02:01, kandrews6221

The following information on selected cash transactions for 2011 has been provided by Mancuso Company: Proceeds from sale of land $160,000
Proceeds from long-term borrowings 400,000
Purchases of plant assets 144,000
Purchases of inventories 680,000
Proceeds from sale of Mancuso common stock 240,000
What is the cash provided (used) by investing activities for the year ended December 31, 2011, as a result of the above information?
a. $16,000.
b. $256,000.
c. $160,000.
d. $800,000.

Answers: 2

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The following information on selected cash transactions for 2011 has been provided by Mancuso Compan...