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In preparation for developing its statement of cash flows for the year ended December 31, 2018, Rapid Pac, Inc., collected the following information: ($ in
In preparation for developing its statement of cash flows for the year ended December 31, 2018, Rapid Pac, Inc., collected the following information: ($ in millions) $ 92.0 nts Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $87.0 million) eds from the sale of treasury stock (cost: $23. Omillion Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2017 92.0 28.0 3.2 eBook 9.6 Hint 154.0 57.0 53.0 Print eferences Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2018? 2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2018? Complete this question by entering your answers in the tabs below. Required 1 Required 2 In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2018? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows From Investing Activities: Declaration of cash dividends Distribution of cash dividends declared in 2017 57.0 53.0 Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2018? 2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2018? points eBook Complete this question by entering your answers in the tabs below. Hint Print Required 1 Required 2 References In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2018? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows From Investing Activities: Net cash inflows (outflows) from investing activities Required 1 Required 2 > Declaration of cash dividends Distribution of cash dividends declared in 2017 57.0 53.0 Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2018? 2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2018? eBook Complete this question by entering your answers in the tabs below. Hint Print Required 1 Required 2 ferences In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2018? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows from Financing Activities: Net cash inflows (outflows) from financing activities
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