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7-Selected information from Large Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to acquire a patent $

7-Selected information from Large Corporation's accounting records and financial statements for 2018 is as follows ($ in millions):

Cash paid to acquire a patent $ 52

Treasury stock purchased for cash 49

Proceeds from sale of land and buildings 81

Gain from the sale of land and buildings 50

Investment revenue received 17

Cash paid to acquire office equipment 76

Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net cash outflows from investing activities of:

Multiple Choice

$30 million.

$62 million.

$128 million.

$52 million.

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