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Selected Information from Pannone Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to acquire machinery Proceeds
Selected Information from Pannone Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to acquire machinery Proceeds from sale of land $34 Reacquired Peridot common stock 53 98 54 67 90 Gain from the sale of land Investment revenue received Cash paid to acquire office equipment In its statement of cash flows, Pannone should report net cash outflows from investing activities of Multiple Choice $92 million $26 million.
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