Question
Kraft Heinz announced this week that they will be selling Planters (Mr Peanut) to Hormel for $3B. This amount is 3 times the sales of
Kraft Heinz announced this week that they will be selling Planters (Mr Peanut) to Hormel for $3B. This amount is 3 times the sales of Planters. Which of the following statements BEST exemplifies the financial statement representation of the transaction:
a.It is Divested Capital and a source of funds in the Investing activities of the Cash Flow Statement
b.It is Divested Capital and a use of funds in the Investing Activities of the Cash Flow Statement
c.It is Divested Capital and a source of funds in the financing activities of the Cash Flow Statement
d.It is Divested Capital and a source of funds in Operating Activites of the Cash Flow Statement
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th edition
978-1118953815, 978-1118953907
