Question
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 $32 million,
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 $32 million, $15.2 million, and $40.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.2 million, $25.2 million, and $12.2 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. (i.e., $10,000,000 should be entered as 10).)
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