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What the total cash flows from investing activities is

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Reference no: EM132601802

The following information was extracted from the records of Vincent Limited:

Opening balance of machinery: $840 000

Closing balance of machinery: $960 000

Cost of new machinery: $240 000

Proceeds from sale of machinery: $48 000

(Cost $120 000; Carrying amount $40 000)

Question 1: The total cash flows from investing activities is determined as:

Select one:

a. $192 000 cash outflow.

b. $48 000 cash inflow.

c. $240 000 cash outflow.

d. $288 000 cash inflow.

Reference no: EM132601802

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