Old Equipment Having a Book Value of $12,000 Was Sold

Multiple Choice

Old equipment having a book value of $12,000 was sold for $20,000 cash.New equipment was purchased for $25,000 cash.Additional equipment was acquired in exchange for a $17,000 long-term note payable.The net cash flow from investing activities was ________.

A) $5,000 cash outflow
B) $22,000 cash outflow
C) $25,000 cash outflow
D) $42,000 cash outflow