Selected information from Large Corporation\'s accounting records and financial statements for 2013 is as follows ($ in millions): Cash paid to acquire a patent $48 Treasury stock purchased for cash 45 Proceeds from sale of land and buildings 75 Gain from the sale of land and buildings 46 Investment revenue received 15 Cash paid to acquire office equipment 70 Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net cash outflows from investing activities of: a. $28 million. b.$48 million. c.$118 million. d.$58 million. Solution Selected information from Large Corporation\'s accounting records and financial statements for 2013 is as follows ($ in millions): Cash paid to acquire a patent $48 Treasury stock purchased for cash 45 Proceeds from sale of land and buildings 75 Gain from the sale of land and buildings 46 Investment revenue received 15 Cash paid to acquire office equipment 70 Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net cash outflows from investing activities of: Answer: a) $ 28 Millions Working: .

1. Selected information from Large Corporation's accounting records and financial statements for
2013 is as follows ($ in millions): Cash paid to acquire a patent $48 Treasury stock purchased for
cash 45 Proceeds from sale of land and buildings 75 Gain from the sale of land and buildings 46
Investment revenue received 15 Cash paid to acquire office equipment 70 Large prepares its
financial statements in accordance with IFRS. In its statement of cash flows, Large most likely
reports net cash outflows from investing activities of:
a. $28 million.
b.$48 million.
c.$118 million.
d.$58 million.
Solution
Selected information from Large Corporation's accounting records and financial statements for
2013 is as follows ($ in millions): Cash paid to acquire a patent $48 Treasury stock purchased for
cash 45 Proceeds from sale of land and buildings 75 Gain from the sale of land and buildings 46
Investment revenue received 15 Cash paid to acquire office equipment 70 Large prepares its
financial statements in accordance with IFRS. In its statement of cash flows, Large most likely
reports net cash outflows from investing activities of:
Answer:
a) $ 28 Millions
Working:
Cash Flow From Investing Activities
Cash Inflow
Proceeds from sale of land and buildings 75
Investment revenue received 15 90

2. Less : Cash Used
Cash paid to acquire a patent 48
Cash paid to acquire office equipment 70 118
Net Cash Outflow 28