Selected information from Trolly Corporation's 2013 accounting records is as follows: Proceeds from sale of land, $125,000;

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Selected information from Trolly 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 Trolly 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
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Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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