70.2K
Verified Solution
Link Copied!
Selected information from Peridot Corporation's accounting records and financial statements for 2018 is as follows ($ in millions):
| | | | |
| Cash paid to acquire machinery | $ | 39 | |
| Reacquired Peridot common stock | | 57 | |
| Proceeds from sale of land | | 100 | |
| Gain from the sale of land | | 52 | |
| Investment revenue received | | 70 | |
| Cash paid to acquire office equipment | | 87 | |
| |
In its statement of cash flows, Peridot should report net cash outflows from investing activities of:
Multiple Choice
$33 million.
$104 million.
$101 million.
$26 million.
Answer & Explanation
Solved by verified expert
