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. $42 million
Selected information from Peridot Corporation's accounting records and financial statements for 2011 is as follows ($ 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. $42 million
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12A: The Statement Of Cash Flows
Section: Chapter Questions
Problem 1P: Mahoney Company has the following financial statements for 2017 and 2018. Assume that the purchase...
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Selected information from Peridot Corporation's accounting records and financial statements for 2011 is as follows ($ 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
a. $22 million
b. $95 million
c. $18 million
d. $42 million
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