Question
Creative Sound Systems sold investments, land, and its own common stock for $39.0 million, $14.1 million, and $38.2 million, respectively. Creative Sound Systems also purchased
Creative Sound Systems sold investments, land, and its own common stock for $39.0 million, $14.1 million, and $38.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.1 million, $24.1 million, and $11.1 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (Cash outflows should be indicated with a minus sign. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
Creative Sound Systems sold investments, land, and its own common stock for \$39.0 million, \$14.1 million, and \$38.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for \$20.1 million, \$24.1 million, and \$11.1 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (Cash outflows should be indicated with a minus sign. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
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