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What was the net cash flow for investing activities

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Question - ABC company paid $2.2 million to purchase stock in another company, $1.0 million to repurchase its own common shares on the market, $0.5 million to buy investments, sold used equipment for $0.8 million (when its book value was $0.6 million), and purchased new equipment for $3.4 million. What was the net cash flow for investing activities?

A. $6.3 million net cash outflow

B. $5.3 million net cash outflow

C. $5.1 million net cash outflow

D. $4.8 million net cash outflow

Reference no: EM132630727

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