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Phibbs Company Prepared the Following Data for the Year What Is the Net Cash Flow from Investing Activities?
A)

Question 77

Multiple Choice

Phibbs Company prepared the following data for the year.  Outflow to purchase treasury stock 30,000 Inflow from sale of machinery 7,500 Inflow from sale of marketable securities 3,750 Outflow to purchase building 87,500 Outflow to purchase land 12,500 Outflow to pay dividends 7,500 Outflow to pay interest 37,500\begin{array} { l r } \text { Outflow to purchase treasury stock } & 30,000 \\\text { Inflow from sale of machinery } & 7,500 \\\text { Inflow from sale of marketable securities } & 3,750 \\\text { Outflow to purchase building } & 87,500 \\\text { Outflow to purchase land } & 12,500 \\\text { Outflow to pay dividends } & 7,500 \\\text { Outflow to pay interest } & 37,500\end{array} What is the net cash flow from investing activities?


A) $88,750 outflow
B) $141,250 outflow
C) $152,500 outflow
D) $41,250 outflow

Correct Answer:

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