Question: Chapter 3. Converting accrual accounting data to cash flow data Using the following information, determine the total cash flows from investing activities plant and equipment

Chapter 3. Converting accrual accounting data to cash flow data Using the following information, determine the total cash flows from investing activities plant and equipment - opening balance $360,000 plant and equipment - closing balance $400,000 purchase of new equipment $80,000 proceeds from sale of old equipment (cost $40,000; carrying amount $10,000) $6,00 Your response: A. $80,000 cash outflow B. $76,000 cash outflow C. $74,000 cash outflow D. $44,000 cash outflow Mark this question for review

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