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Carter Containers sold marketable equity securities, land, and common stock for $25.0 million, $14.5 million, and $45.0 million, respectively. Carter also purchased treasury stock,
Carter Containers sold marketable equity securities, land, and common stock for $25.0 million, $14.5 million, and $45.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $12.0 million, $23.5 million, and $13.6 million, respectively. Required: What amount should Carter report as net cash from financing activities? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Answer is complete but not entirely correct. ($ in millions) Cash Flows from Financing Activities: Proceeds from sale of marketable securities $ (25.0) X Proceeds from sale of land (14.5) Proceeds from sale of common stock $ 45.0 Purchase of treasury stock $ (12.0) Purchase of equipment for cash $ 23.5 Purchase of patent for cash $ 13.6 X Net cash inflows (outflows) from financing activities $ 30.6
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