Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Help V 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
Help
V 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 the company report as net cash flows from investing 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).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Net cash flows from investing activities 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 the company report as net cash flows from investing 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).) LIND SYSTEMS CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Issue of common stock Purchase a patent Purchase equipment Purchase of treasury stock Sale of investments Sale of land S 0.0Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started