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During 2022,Blossom Companysold equipment with a book value of $172800for proceeds of $208800. The company purchased new equipment for $460800by signing a long-term note payable.
During 2022,Blossom Companysold equipment with a book value of $172800for proceeds of $208800. The company purchased new equipment for $460800by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report
a.net cash outflows of $252000.
b.net cash outflows of $424800.
c.net cash inflows of $208800.
d.net cash inflows of $36000.
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