During fiscal year 2020, Donuts ' (R) ' Us Inc. reported net loss of ($ 135.8) million.
Question:
During fiscal year 2020, Donuts ' \(R\) ' Us Inc. reported net loss of \(\$ 135.8\) million. Donuts received \(\$ 1.0\) million from the sale of other businesses. Donuts made capital expenditures of \(\$ 10.4\) million and sold property, plant, and equipment for \(\$ 7.3\) million. The company purchased long-term investments at a cost of \(\$ 12.2\) million and sold other long-term investments for \(\$ 2.5\) million.
{Requirements}
1. Prepare the investing activities section of the Donuts ' \(R\) ' Us statement of cash flows.
2. Identify the items that would help Donuts ' \(R\) ' Us determine whether the company is growing or shrinking
Step by Step Answer:
Financial Accounting
ISBN: 9780135433065
7th Canadian Edition
Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin