Selected information from Peridot Corporation's accounting records and financial statements for 2009 is as follows ($ in millions): In its statement of cash flows, Peridot should report net cash outflows from investing activities of:
A)$26 million.
B)$46 million.
C)$72 million.
D)$78 million.

Question

Quizplus · Accepted Answer

Net cash outflows from investing activities = Purchase of property, plant, and equipment - Sale of property, plant, and equipment = $78 million - $6 million = $72 million.

Selected Information from Peridot Corporation's Accounting Records and Financial Statements