Question
The following information on selected cash transactions for 2021 has been provided by Giants Company: Proceeds from sale of land $290,000 Proceeds from long-term borrowings
The following information on selected cash transactions for 2021 has been provided by Giants Company:
Proceeds from sale of land $290,000
Proceeds from long-term borrowings 480,000
Purchases of plant assets 246,000
Purchases of inventories 1,020,000
Proceeds from sale of Giants common stock 385,000
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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The Basics Of IT Audit Purposes Processes And Practical Information
Authors: Stephen D. Gantz
1st Edition
0124171591, 978-0124171596
