he following information on selected cash transactions for 2021 has been provided by Ehrlich Company: Proceeds from sale of land $300,000 Proceeds from long-term borrowings 600,000 Purchases of plant assets 216,000 Purchases of inventories 1,020,000 Proceeds from sale of Ehrlich common stock 360,000 What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information? Group of answer choices $84,000
The following information on selected cash transactions for 2021 has been provided by Ehrlich Company:
Proceeds from sale of land $300,000
Proceeds from long-term borrowings 600,000
Purchases of plant assets 216,000
Purchases of inventories 1,020,000
Proceeds from sale of Ehrlich common stock 360,000
What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information?
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