During 2021, Silverspring Systems, Inc., purchased two other companies for $10 million in cash. Also during 2021,

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During 2021, Silverspring Systems, Inc., purchased two other companies for $10 million in cash. Also during 2021, Silverspring made capital expenditures of $8.6 million in cash to expand its market share. During the year, Silverspring sold its North American operations, receiving cash of $8.4 million. Overall, Silverspring reported a net income of $6.9 million during 2021.

Show what Silverspring would report for cash flows from investing activities on its statement of cash flows for 2021. Report a total amount for net cash provided by (used in) investing activities.  

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Financial Accounting

ISBN: 9780136899037

13th Edition

Authors: C. William Thomas, Wendy M Tietz

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