Roberts Company, a manufacturing firm, sold factory equipment for $270,000, purchased an office building for...
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Accounting
Roberts Company, a manufacturing firm, sold factory equipment for $270,000, purchased an office building for $6,600,000, repaid principal on a note payable for $2,400,000 plus $250,000 of interest, and paid cash dividends of $22,000.
On the Cash Flow Statement cash flows from investing activities would show:
Multiple Choice
$6,330,000 outflow.
$6,030,000 outflow.
$8,752,000 outflow.
$9,002,000 outflow.
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