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Roberts Company sold equipment for $220,000, purchased a building for $6,350,000, sold short-term investments for $250,000, repaid principal on a note payable for $2,150,000 plus $200,000 of interest, and paid cash dividends of $33,000. What was the net cash flow from investing activities?

Respuesta :

abiolataiwo2015

Answer:

$5,880,000 outflow

Explanation:

Calculation for the net cash flow from investing activities

Using this formula

Net Investing cash outflow =Equipment sale proceeds - Building Purchase+ Short-term investment sales

Let plug in the formula

Net Investing cash outflow=$220,000-$6,350,000+$250,000

Net Investing cash outflow=$5,880,000 outflow

Therefore the net cash flow from investing activities will be $5,880,000 outflow