Question
The following information on selected cash transactions for 2019 has been provided by Ralph Company: Proceeds from sale of land $200000 Proceeds from long-term borrowings
The following information on selected cash transactions for 2019 has been provided by Ralph Company:
Proceeds from sale of land
$200000
Proceeds from long-term borrowings
$510000
Purchases of plant assets
$170000
Purchases of inventories
$850000
Proceeds from issuance of Raymond common shares
$310000
What is the cash provided (used) by investing activities for the year ended December 31, 2019, as a result of the above information?
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Financial Accounting The Impact on Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
9th edition
ISBN: 130565417X, 1305654174, 9781285972572 , 978-1285182964
