Question 19

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.