Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):Cash paid to acquire machineryReacquired Peridot common stock$4051Proceeds from sale of land97Gain from the sale of land46Investment revenue received75Cash paid to acquire office equipment82In its statement of cash flows, Peridot should report net cash outflows from investing activities of:Multiple Choice3 million.$25 million.$110 million.$105 million.

Cash flow statement: It is a statement which reports the cash inflows and outflows of a business during the period under operating activities, financing activities and investing activities. The cash flow statement is prepared under both direct and indirect methods. Investing activities: These activities are the related to cash transactions of assets and investments of an organization. These activities include sale and purchase of assets, investments etc.

Business

Accounting

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to acquire machinery Reacquired Peridot common stock Proceeds from sale of land $40 51 97 Gain from the sale of land 46 Investment revenue received 75 Cash paid to acquire office equipment 82 In its statement of cash flows, Peridot should report net cash outflows from investing activities of: Multiple Choice $33 million. $25 million. $110 million. $105 million.

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to acquire machinery Reacquired Peridot common stock Proceeds from sale of land $40 51 97 Gain from the sale of land 46 Investment revenue received 75 Cash paid to acquire office equipment 82 In its statement of cash flows, Peridot should report net cash outflows from investing activities of: Multiple Choice $33 million. $25 million. $110 million. $105 million.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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