Question
Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to acquire machinery$33Reacquired Peridot common
Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):
Cash paid to acquire machinery$33Reacquired Peridot common stock54Proceeds from sale of land91Gain from the sale of land46Investment revenue received66Cash paid to acquire office equipment84
In its statement of cash flows, Peridot should report net cash outflows from investing activities of:
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
