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Roberts Company sold equipment for $150,000, purchased a building for $6,000,000, sold short-term investments for $180,000, repaid principal on a note payable for $1,800,000 plus
Roberts Company sold equipment for $150,000, purchased a building for $6,000,000, sold short-term investments for $180,000, repaid principal on a note payable for $1,800,000 plus $130,000 of interest, and paid cash dividends of $40,000.
What was the net cash flow from investing activities?
a. $5,850,000 outflow.
b. $7,470,000 outflow.
c. $5,670,000 outflow.
d. $7,520,000 outflow.
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