Caroline, Inc. had the following transactions during 2015:Exchanged land for a building£764,000Purchased treasury shares160,000Paid cash dividend380,000Purchased equipment212,000Issued ordinary shares588,000What is Caroline, Inc.’s net cash provided (used) by financing activities?
A.
£600,000 provided by financing activities.
B.
£48,000 provided by financing activities.
C.
£48,000 used by financing activities.
D.
£428,000 used by financing activities.