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camillesmith6630
10.09.2020 •
Business
Roberts Company sold equipment for $220,000, purchased a building for $6,350,000, sold short-term investments for $250,000, repaid principal on a note payable for $2,150,000 plus $200,000 of interest, and paid cash dividends of $33,000. What was the net cash flow from investing activities?
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Ответ:
$5,880,000 outflow
Explanation:
Calculation for the net cash flow from investing activities
Using this formula
Net Investing cash outflow =Equipment sale proceeds - Building Purchase+ Short-term investment sales
Let plug in the formula
Net Investing cash outflow=$220,000-$6,350,000+$250,000
Net Investing cash outflow=$5,880,000 outflow
Therefore the net cash flow from investing activities will be $5,880,000 outflow
Ответ: