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Creative Sound Systems sold investments, land, and its own common stock for $39 million, $15.9 million, and $41.8 million, respectively. Creative Sound Systems also purchased
Creative Sound Systems sold investments, land, and its own common stock for $39 million, $15.9 million, and $41.8 million, respectively. Creative Sound Systems also purchased treasury stock equipment, and a patent for $21.9 million, $25.9 million, and $12.9 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) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from financing activities 39.0 (15.9) (21.9) Issuance of common stock Purchase treasury stock Purchase a patent Net cash flows from financing activities 1.2
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