Mi-T-M sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000, purchase treasury stock for $230,000, and paid cash dividend of $20,000 What was the net cash flow from investing activities? A. $8,320,000 outflow B. $5,970,000 outflow C. $8,270,000 outflow D. $6,250,000 outflow
Mi-T-M sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000, purchase treasury stock for $230,000, and paid cash dividend of $20,000 What was the net cash flow from investing activities? A. $8,320,000 outflow B. $5,970,000 outflow C. $8,270,000 outflow D. $6,250,000 outflow
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mi-T-M sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000, purchase treasury stock for $230,000, and paid cash dividend of $20,000
What was the net cash flow from investing activities?
A. $8,320,000 outflow
B. $5,970,000 outflow
C. $8,270,000 outflow
D. $6,250,000 outflow
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