A corporation received $50,000 in cash when it sold a building and paid $90,000 in cash when it purchased some new machinery.As a result,the statement of cash flows would report
A) $40,000 as the net cash used in financing activities.
B) $40,000 as the net cash provided by investing activities.
C) $40,000 as the net cash used in investing activities.
D) $40,000 as the net cash provided by financing activities.
Correct Answer:
Verified
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A) collection of accounts receivable.
B)
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A) a
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