A Company 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.
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