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Free Co. provided the following information on selected transactions during 2019: Purchase of land by issuing bonds $150,000 Proceeds from issuing bonds 400,000 Purchases of

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Free Co. provided the following information on selected transactions during 2019: Purchase of land by issuing bonds $150,000 Proceeds from issuing bonds 400,000 Purchases of inventory 570,000 Purchases of treasury stock 90,000 Loans made to others 220,000 Dividends paid to preferred stockholders 60,000 Proceeds from issuing preferred stock 240,000 Proceeds from sale of equipment 30,000 Purchase of investments 100,000 The net cash provided (used) by investing activities during 2019 is (Net outflow format is -100000) Answer: Free Co. provided the following information on selected transactions during 2019: Purchase of land by issuing bonds $150,000 Proceeds from issuing bonds 400,000 Purchases of inventory 570,000 Purchases of treasury stock 90,000 Loans made to others 220,000 Dividends paid to preferred stockholders 60,000 Proceeds from issuing preferred stock 240,000 Proceeds from sale of equipment 30,000 Purchase of investments 100,000 The net cash provided (used) by financing activities during 2019 is (Net outflow format is -100000)

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