Selected information from Isadore Bell Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): In its statement of cash flows, Isadore Bell should report net cash outflows from investing activities of:
A) $39 million.
B) $69 million.
C) $114 million.
D) $117 million.

Question

Selected information from Isadore Bell Corporation's accounting records and financial statements for 2018 is as follows ($ in millions):  In its statement of cash flows, Isadore Bell should report net cash outflows from investing activities of:
A) $39 million. 
B) $69 million. 
C) $114 million. 
D) $117 million.

Quizplus · Accepted Answer

$135 million (proceeds from sale of buildings) - $54 (cash paid to acquire land) - $120 million (cash paid to acquire equipment).

Selected Information from Isadore Bell Corporation's Accounting Records and Financial