Mazoff Corp Had the Following Activities During the Year What Was Mazoff's Cash Flow from Investing Activities for the

question 102

Multiple Choice

Mazoff Corp had the following activities during the year: $$\begin{array} { | l | r | } \hline \text { Proceeds from the sale of land } & \$ 300,000 \\\hline \text { Gain on sale of land } & \$ 50,000 \\\hline \text { Proceeds from the issue of common shares } & \$ 1,000,000 \\\hline \text { Purchase of equipment } & \$ 450,000 \\\hline \text { Repayment of mortgage outstanding on the sold land } & \$ 200,000 \\\hline \text { Interest paid } & \$ 22,500 \\\hline \text { Dividends paid } & \$ 10,000 \\\hline\end{array}$$ What was Mazoff's cash flow from investing activities for the year?

• A) $350,000 outflow
• B) $150,000 outflow
• C) $100,000 outflow
• D) $850,000 inflow

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