During fiscal year 2010, Sugar Land Doughnuts reported net loss of $129.6 million. Sugar Land received $1.7

Question:

During fiscal year 2010, Sugar Land Doughnuts reported net loss of $129.6 million. Sugar Land received $1.7 million from the sale of other businesses. Sugar Land made capital expenditures of $10.0 million and sold property, plant, and equipment for $6.9 million. The company purchased long-term investments at a cost of $11.5 million and sold other long-term investments for $2.6 million.

Requirement
1. Prepare the investing activities section of Sugar Land Doughnuts statement of cash flows.
Based solely on Sugar Land Doughnuts investing activities, does it appear that the company is growing or shrinking? How can you tell?

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Financial accounting

ISBN: 978-0136108863

8th Edition

Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas

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