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Award 0 out of 2.00 points Question 1 (of 5) To Agnment List Brief Exercise 11-9 Calculate net cash flows from financing activities (LO11-3)
Award 0 out of 2.00 points Question 1 (of 5) To Agnment List Brief Exercise 11-9 Calculate net cash flows from financing activities (LO11-3) Creative Sound Systems sold investments, land, and its own common stock for $34 million, $14.6 million, and $39.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.6 million, $24.6 milion, and $11.6 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (.. $10,000,000 should be entered as 10).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from financing activities Sale of investments Sale of land Purchase equipment Purchase a patent Net cash flows from financing activities 00 34.00 15.0 (25.0) (12.0) 12.0
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