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Selected Information from Peridot Corporation's Accounting Records and Financial Statements

Question 80

Multiple Choice

Selected information from Peridot Corporation's accounting records and financial statements for 2018 is as follows ($ in millions) : Cash paid to acquire machinery $36Reacquired Peridot common stock 50Proceeds from sale of land 90Gain from the sale of land 52Investment revenue received 66Cash paid to acquire office equipment 80\begin{array}{lll}\text {Cash paid to acquire machinery }&\$36\\\text {Reacquired Peridot common stock }&50\\\text {Proceeds from sale of land }&90\\\text {Gain from the sale of land }&52\\\text {Investment revenue received }&66\\\text {Cash paid to acquire office equipment }&80\\\end{array}
In its statement of cash flows, Peridot should report net cash outflows from investing activities of:


A) $26 million.
B) $46 million.
C) $72 million.
D) $78 million.

Correct Answer:

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