Roberts Company 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 plus $230,000 of interest,and paid cash dividends of $20,000.How much was the net cash flow from investing activities?

Question

Quizplus · Accepted Answer

Net investing cash outflow ($5,970,000) = Equipment sale ($250,000) + Building purchase (-$6,500,000) + Short-term investment sale ($280,000)

Roberts Company Sold Equipment for $250,000,purchased a Building for $6,500,000,sold