In preparing Tywin Company's statement of cash flows for the most recent year, the following information is available: Purchase of equipment$260,000Proceeds from the sale of equipment 87,000Purchase of land 91,000Net cash flows from investing activities for the year were:
A. $438,000 of net cash provided.
B. $264,000 of net cash used.
C. $438,000 of net cash used.
D. $351,000 of net cash used.
E. $264,000 of net cash provided.
Answer: B
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