What is the cash provided through investing activities


The following information on selected cash transactions for 1999 has been provided by Painter Company:

Proceeds from sale of land $800,000
Proceeds from long-term borrowings 2,000,000
Purchases of plant assets 720,000
Purchases of inventories 3,400,000
Proceeds from sale of Painter common stock 1,200,000

What is the cash provided (used) by investing activities for the year ended December 31, 1999, as a result of the above information?

a. $80,000

b. $1,280,000

c. $800,000

d. $4,000,000

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Accounting Basics: What is the cash provided through investing activities
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