In Preparing Marjorie Company's Statement of Cash Flows for the Most

question 16

Multiple Choice

In preparing Marjorie Company's statement of cash flows for the most recent year, the following information is available: $\begin{array}{llr} \text { Purchase of equipment } &\$260,000\\ \text { Proceeds from the sale of equipment } &87,000\\ \text { Purchase of land } &91,000\end{array}$
Net cash flows from investing activities for the year were:

• A) $438,000 of net cash provided.
• B) $264,000 of net cash provided.
• C) $438,000 of net cash used.
• D) $351,000 of net cash used.
• E) $264,000 of net cash used.

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