The following information on selected cash transactions for 2021 has been provided by Crane Company: Proceeds from sale of land   $310000 Proceeds from long-term borrowings   590000 Purchases of plant assets   210000 Purchases of inventories   1010000 Proceeds from sale of Crane common stock   350000 What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information? $310000. $380000. $1250000. $100000.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following information on selected cash transactions for 2021 has been provided by Crane Company:

Proceeds from sale of land   $310000
Proceeds from long-term borrowings   590000
Purchases of plant assets   210000
Purchases of inventories   1010000
Proceeds from sale of Crane common stock   350000


What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information?

$310000.
$380000.
$1250000.
$100000.
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