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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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?

Group of answer choices
$84,000
$684,000
$315,000
$1,044,000
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