On January 1, Abba Company acquired 60% of Ben Company for $700,000 in cash. On the date of the acquisition, the book value of net assets of Ben company were as follows: Cash $100,000 Inventory 200,000 Building, Net 500,000 Liabilities (150,000) Net Assets $650,000 During the year, Ben paid total dividends of $80,000, and Abba paid total dividends of $120,000. How Abbas acquisition of Ben should be reported on the Consolidated Statement of Cash-Flow?

		As $600,000 cash outflow from financing activities
		As $700,000 cash outflow from investing activities
		As $600,000 cash outflow from investing activities
		As $600,000 cash inflow from investing activities
		The acquisition is an intra-companies transaction and should not be reported on the Consolidated Statement of Cash-Flow