The following information on selected cash transactions for 2021 has been provided by ABC Company: What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information? a. $99,000 b. $384,000. c. $315,000. d. $1,275,000. 13. A major distinction between temporary and permanent differences is a. permanent differences are not representative of acceptable accounting practice. b. temporary differences reverse themselves in subsequent accounting periods, whereas permanent differences do not reverse. c. once an item is determined to be a temporary difference, it maintains that status; however, a permanent difference can change in status with the passage of time. d. temporary differences occur frequently, whereas permanent differences occur only once