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I have the answer I need the formula to figure out how to get the answers In preparation for developing its statement of cash flows
I have the answer I need the formula to figure out how to get the answers
In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information: (s in millions) $108 352 244 4 Payment for the early extinguishment of long-term notes (book value: $100 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $22) Declaration of cash dividends Distribution of cash dividends declared in 2015 16 20 14 10 2 6 26 66 60 Required: 1. In Millennium's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016? 2. In Millennium's statement of cash flows, what were net cash inflows or outflows) from financing activities for 2016? You do not need to use the form, but you need to show the line items used and whether adding or subtracting so I can follow your work. Hint (line item details not shown here) Net cash inflows from investing activities Net cash outflows from financing activities $14 ($40Step by Step Solution
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