Selected information from Large Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to acquire a patent $54 Treasury stock purchased for cash Proceeds from sale of land and buildings Gain from the sale of land and buildings 51 84 52 Investment revenue received 18 Cash paid to acquire office equipment 79 Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net cash outflows from investing activities of: Multiple Choice $54 million $133 million. $64 million $31 million.
Selected information from Large Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to acquire a patent $54 Treasury stock purchased for cash Proceeds from sale of land and buildings Gain from the sale of land and buildings 51 84 52 Investment revenue received 18 Cash paid to acquire office equipment 79 Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net cash outflows from investing activities of: Multiple Choice $54 million $133 million. $64 million $31 million.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 27BE
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Selected information from Large Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to acquire a patent $54
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