During 2014, Lowes Company sold equipment with a book value of $90,000 for proceeds of $109,000. The company purchased new equipment for $240,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2014. The investing section of the statement of cash flows will report
A) net cash outflows of $226,000.
B) net cash outflows of $131,000.
C) net cash inflows of $109,000.
D) net cash inflows of $14,000.

Question

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The Answer of During 2014, Lowes Company sold equipment with a book value of $90,000 for proceeds of $109,000. The company purchased new equipment for $240,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2014. The investing section of the statement of cash flows will report
A) net cash outflows of $226,000.
B) net cash outflows of $131,000.
C) net cash inflows of $109,000.
D) net cash inflows of $14,000.

During 2014, Lowes Company Sold Equipment with a Book Value