S7-14. (Learning Objective 7: Reporting investing activities on the statement of cash flows) During 20X6, Orion Satellite

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S7-14. (Learning Objective 7: Reporting investing activities on the statement of cash flows) During 20X6, Orion Satellite Systems, Inc., purchased two other companies for

$18 million. Also during 20X6, Orion made capital expenditures of $8 million to expand its market share. During the year, Orion sold its North American operations, receiving cash of

$16 million. Overall, Orion reported a net income of $3 million during 20X6.

Show what Orion would report for cash flows from investing activities on its statement of cash flows for 20X6. Report a total amount for net cash provided by (used in) investing activities.

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Financial Accounting International Financial Reporting Standards Global Edition

ISBN: 9781292211145

11th Edition

Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison

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