What is the net cash provided by investing activities


Selected information from Trolley 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 Trolley 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

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the net cash provided by investing activities
Reference No:- TGS045892

Expected delivery within 24 Hours