Question
Mango designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. Mango employs over 92,000 people in the United
Mango designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. Mango employs over 92,000 people in the United States. A recent statement of cash flows contained the following information (in millions):
Year 3 | Year 2 | Year 1 | ||||||
Cash flows from financing activities: | ||||||||
Repurchases of common stock | (115.4 | ) | (399.9 | ) | 0 | |||
1. Prepare the journal entry to record the purchase of treasury stock in Year 3. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
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