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What is the cash provided or used by investing activities

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Reference no: EM132775155

The following information on selected cash transactions for 2020 has been provided by Mancuso Company:

Proceeds from sale of land                160,000
Proceeds from long-term borrowings        400,000
Purchases of plant assets                   144,000
Purchases of inventories                         680,000
Proceeds from sale of Mancuso ordinary shares  240,000

Problem 1: What is the cash provided or used by investing activities for the year ended December 31, 2020 as a result of the above information?

A. 16,000

B. 256,000

C. 160,000

D. 800,000

Reference no: EM132775155

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