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The following information on selected cash transactions for 2009 has been provided by Simpson 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 Simpson common stock 240,000
Question 1: What is the cash provided (used) by investing activities for the year ended December 31, 2009, as a result of the above information?
Cost-Discuss Volume-Profit Analysis,Importance of Profit- cost- volume analysis ,Importance of Variable costing,Variable Costing in Planning
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