Valencia Company paid $1.40 million to purchase stock in another company, $.80 million to repurchase...
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Valencia Company paid $1.40 million to purchase stock in another company, $.80 million to repurchase treasury shares, $0.28 million to buy short-term investments, sold used equipment for $0.43 million when its book value was $0.33 million, and purchased new equipment for $2.0 million. What was the net cash flow from investing activities? Multiple Choice $4.05 million net cash outflow. $2.76 million net cash outflow. $3.25 million net cash outflow. $3.24 million net cash outflow
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