Question
Varys, Inc. had net income of $300,000 and paid a cash dividend of $60,000 for the year ending December 31, 2016. Depreciation expense was $100,000.
Varys, Inc. had net income of $300,000 and paid a cash dividend of $60,000 for the year ending December 31, 2016. Depreciation expense was $100,000. During the year, Varys purchased $50,000 in equipment, received a new $80,000 bank loan, issued $200,000 in common stock, and retired $150,000 in bonds with cash. The company also sold land for $250,000 and recorded a gain of $25,000 on the sale. Based on this information, Varyss 2016 net cash flow from investing activities was $ net cash . The first blank is for a dollar amount. Do not use the $ sign or decimals in your answer. Commas are ok. For the second blank use the following abbreviations:
I for inflow
O for outflow
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