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Compute the net cash provided by investing activities

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Question - Sheffield Corp. provided the following information on selected transactions during 2018:

Dividends paid to preferred stockholders $493000

Loans made to affiliated corporations 1380000

Proceeds from issuing bonds 1600000

Proceeds from issuing preferred stock 2100000

Proceeds from sale of equipment 801000

Purchases of inventories 2420000

Purchase of land by issuing bonds 594000

Purchases of treasury stock 1160000

Required - Compute the net cash provided (used) by investing activities during 2018?

Reference no: EM132486225

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