Selected information from Peridot Corporation's accounting records and financial statements for 2011 is as follows ($ in millions).   Cash paid to acquire machinery = $32   Retired common stock = $51   Proceeds from sale of land = $95   Gain from the sale of land = $50   Investment revenue received = $72   Cash paid to acquire office equipment = $85   In its statement of cash flows, Peridot should report net cash outflows from investing activities of:   a. $22 million   b. $95 million   c. $18 million   d. $42 million

College Accounting (Book Only): A Career Approach
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Chapter12A: The Statement Of Cash Flows
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Problem 1P: Mahoney Company has the following financial statements for 2017 and 2018. Assume that the purchase...
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Selected information from Peridot Corporation's accounting records and financial statements for 2011 is as follows ($ in millions).

 

Cash paid to acquire machinery = $32

 

Retired common stock = $51

 

Proceeds from sale of land = $95

 

Gain from the sale of land = $50

 

Investment revenue received = $72

 

Cash paid to acquire office equipment = $85

 

In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

 

a. $22 million

 

b. $95 million

 

c. $18 million

 

d. $42 million

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