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) | 7.2 | ||
Sale of preferred stock | 151.2 | ||
Gain on sale of land | 5.2 | ||
Proceeds from sale of land | 26.2 | ||
Issuance of bonds payable for cash | 141.2 | ||
Purchase of equipment for cash | 31.2 | ||
Purchase of GE stock | 36.2 | ||
Declaration of cash dividends | 135.2 | ||
Payment of cash dividends declared in previous year | 131.2 | ||
Purchase of treasury stock | 121.2 | ||
Payment for the early extinguishment of long-term notes (carrying (book) value: $100 million) | 111.2 | ||
Required: 1. Prepare the investing activities section of D-Rose's statement of cash flows. 2. Prepare the financing activities section of D-Rose's statement of cash flows. (For all requirements, list any cash outflow with a minus sign. Enter your answer
1. | Net cash INFLOWS from Investing Activities OR Net cash OUTFLOWS flow from Investing Activities | ? | Millions |
2. | Net cash INFLOWS from Investing Activities OR Net cash OUTFLOWS flow from Investing Activities | ? | Millions |
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