During 2017, Metlock, Inc. sold equipment with a book value of $105600 for proceeds of...
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During 2017, Metlock, Inc. sold equipment with a book value of $105600 for proceeds of $127600. The company purchased new equipment for $281600 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2017. The investing section of the statement of cash flows will report
a. net cash outflows of $154000.
b. net cash inflows of $22000.
c. net cash outflows of $259600.
d. net cash inflows of $127600.
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