Additional information:1. New plant assets costing $92,000 were purchased for cash during the year.2. Investments were sold at cost.3. Plant assets costing $47,000 were sold for $15,550, resulting in gain of $8,750.4. A cash...
of D\'Leon Inc., a regional snack foods producer, after an expansion program. D\'Leon had increased plant capacity and undertaken a major marketing campaign in an attempt to \"go national.\" Thus far, sales have not been up to the...