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Homework answers / question archive / Fables Corp
Fables Corp. provided the following information for calendar 2020: Fables adheres to ASPE.
Proceeds from issuing bonds...........................$300,000
Purchase of inventories...................................570,000
Purchase of treasury shares...........................90,000
Purchase of long-term investment..................420,000
Dividends paid to preferred shareholders......60,000
Proceeds from issuing preferred shares.........240,000
Proceeds from sale of equipment...................60,000
The cash provided by (used in) investing activities during 2020 is
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