Question
selected information from large corporation's accounting records and financial statements for 2016 is as follows ($ in millions) cash paid to acquire a patent =
selected information from large corporation's accounting records and financial statements for 2016 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 gains from the sale of land and buildings =$50 investment revenue received =$17 cash paid to acquire office equipment =$76 Large prepares it's financial statements in accordance with IFRS. If its statement of cash flows, Large most likely repiets net cash outflows from investing activities of: $128 million $ 47 million $ 62 million $ 52 million
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