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Mazoff Corp Had the Following Activities During the Year What Was Mazoff's Cash Flow from Investing Activities for the

Question 55

Multiple Choice

Mazoff Corp had the following activities during the year:  Proceeds from the sale of land $300,000 Gain on sale of land $50,000 Proceeds from the issue of common shares $1,000,000 Purchase of equipment $450,000 Repayment of mortgage outstanding on the sold land $200,000 Interest paid $22,500 Dividends paid $10,000\begin{array} { | l | r | } \hline \text { Proceeds from the sale of land } & \$ 300,000 \\\hline \text { Gain on sale of land } & \$ 50,000 \\\hline \text { Proceeds from the issue of common shares } & \$ 1,000,000 \\\hline \text { Purchase of equipment } & \$ 450,000 \\\hline \text { Repayment of mortgage outstanding on the sold land } & \$ 200,000 \\\hline \text { Interest paid } & \$ 22,500 \\\hline \text { Dividends paid } & \$ 10,000 \\\hline\end{array} What was Mazoff's cash flow from investing activities for the year?


A) $350,000 outflow
B) $150,000 outflow
C) $100,000 outflow
D) $850,000 inflow

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