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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.
go to each companys website and review the most recent financial statements for each company and answer the following
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