q.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	$	44
Treasury stock purchased for cash		41
Proceeds from sale of land and buildings		69
Gain from the sale of land and buildings		42
Investment revenue received		13
Cash paid to acquire office equipment		64

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

• $44 million.

• $108 million.

• $54 million.

• $26 million.