A corporation received $45,000 in cash from the sale of a building and paid $96,000 in cash for the purchase of new machinery. As a result, the statement of cash flows would report:
A. $45,000 as the net cash used in financing activities.
B. $96,000 as the net cash used in investing activities.
C. $45,000 as the net cash provided by investing activities.
D. $51,000 as the net cash used by investing activities.
Answer: D
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