Question
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: ($ in millions) Purchase of
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information:
| ($ in millions) |
Purchase of treasury bills (considered a cash equivalent) | 6 |
Sale of preferred stock | 150 |
Gain on sale of land | 4 |
Proceeds from sale of land | 25 |
Issuance of bonds payable for cash | 140 |
Purchase of equipment for cash | 30 |
Purchase of GE stock | 35 |
Declaration of cash dividends | 134 |
Payment of cash dividends declared in previous year | 130 |
Purchase of treasury stock | 120 |
Payment for the early extinguishment of long-term notes (carrying (book) value: $100 million) | 110 |
Required:
Prepare the investing activities section of D-Rose's statement of cash flows.
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