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Phibbs Company prepared the following data for the year. ...

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Accounting

Phibbs Company prepared the following data for the year.

Outflow to purchase treasury stock $ 68,000
Inflow from sale of machinery 26,500
Inflow from sale of marketable securities 8,500
Outflow to purchase building 97,000
Outflow to purchase land 22,000
Outflow to pay dividends 17,000
Outflow to pay interest 47,000

What is the net cash flow from investing activities?

Multiple Choice

$84,000 outflow

$174,500 outflow

$209,500 outflow

$55,500 outflow

Answer & Explanation Solved by verified expert
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