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Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):
Cash paid to acquire machinery $33
Reacquired Peridot common stock 54
Proceeds from sale of land 91
Gain from the sale of land 46
Investment revenue received 66
Cash paid to acquire office equipment 84
Question 1: In its statement of cash flows, Peridot should report net cash outflows from investing activities of:
Multiple Choice
Option 1: $26 million.
Option 2: $31 million.
Option 3: $80 million.
Option 4: $100 million.
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