Question
Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $15.2 million, and $40.4 million, respectively. Creative Sound Systems also purchased
Creative Sound Systems sold investments, land, and its own common stock for $32.0 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. 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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