Business

Ruby Krause

14 March, 00:45

In preparing Marjorie Company's statement of cash flows for the most recent year, the following information is available:

Purchase of equipment $260,000

Proceeds from the sale of equipment $87,000

Purchase of land $91,000

Net cash flows from investing activities for the year were:

a.

$438,000 of net cash used.

b.

$438,000 of net cash provided.

c.

$264,000 of net cash used.

d.

$351,000 of net cash used.

e.

$264,000 of net cash provided.