Question
Selected information from Nelson Corporation's accounting records and financial statements for 2024 is as follows: Cash paid to acquire equipment, $10 million Cash paid
Selected information from Nelson Corporation's accounting records and financial statements for 2024 is as follows: Cash paid to acquire equipment, $10 million Cash paid to purchase treasury stock, $11 million Proceeds from sale of building, $18 million Gain from sale of building, $2 million Cash received from investment revenues, $6 million Cash paid to acquire office equipment, $24 million Proceeds from sale of patent, $3 million On its statement of cash flows, the company should report net cash flows from investing activities of: O $16 million net inflow $7 million net inflow $13 million net outflow O $11 million net outflow 12
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