Canadian Beer reported they sold equipment for $222 million cash and purchased $1,515 million of new equipment using cash.The equipment sold had a net book value of $150 million.Cash flow from investing activities would show
A) an inflow of $222 million and outflow of $1,515 million.
B) an inflow of $222 million and outflow of $150 million.
C) cash paid for equipment of $1,293 million.
D) a net outflow of $1,365 million.
Correct Answer:
Verified
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