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Reference no: EM13913820

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.

 

 

Reference no: EM13913820

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