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In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information ($ in
In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information ($ in millions): |
In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., collected the following information in millions) in millions) Payment for the early extinguishments of long-term notes (book value: $50 million) 54 $176 Sale of common shares Retirement of common shares 122 Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash 10 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, $11) 13 Declaration of cash dividends 33 Distribution of cash dividends declared in 2015 30 Required 1. In Millennium's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) in millions) Cash Flows From Investing Activities Net cash inflows (outflows) from investing activities
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