To gain control of Orvaldis, the Peltmont group pays 4,200,000 in cash and hands over 1,300,000 of its own shares. At the acquisition date Orvaldis has 615,000 in its bank accounts. What net amount appears in investing cash flows?
- Cash paid
- 4,200,000
- Shares handed over
- 1,300,000
- Orvaldis's cash
- 615,000