pizzalover6994
31.12.2019 •
Business
Selected information from peridot corporation's accounting records and financial statements for 2018 is as follows ($ in millions): cash paid to acquire machinery $ 30 reacquired peridot common stock 53 proceeds from sale of land 98 gain from the sale of land 52 investment revenue received 70 cash paid to acquire office equipment 82 in its statement of cash flows, peridot should report net cash outflows from investing activities of:
multiple choice
a. $22 million.
b. $85 million.
c. $14 million.
Solved
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Ответ:
C. $14 million.
Explanation:
Investing Activities: This tracks the events that include buying and selling long-term properties. The buying is a cash outflow, while the selling is a cash inflow.
Cash flow from Investing activities
Cash paid to acquire machinery -$30 million
Proceeds from the sale of land $98 million
Cash paid to acquire office equipment -$82 million
Net Cash outflows from Investing activities $14 million
Ответ: