Question 1

Creative Sound Systems sold investments, land, and its own common stock for $39.0 million, $14.1 million, and $38.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.1 million, $24.1 million, and $11.1 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (Cash outflows should be indicated with a minus sign. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)

cash flows from Financing activities

bet cash flows from financing act

Question 2

Kutcher Systems sold land, investments, and issued their own common stock for $11 million, $16 million, and $20 million, respectively. Kutcher also purchased treasury stock, equipment, and a patent for $1 million, $2 million, and $4 million, respectively. Required: 1. What amount should the company report as net cash flows from investing activities? 2. What amount should the company report as net cash flows from financing activities?

Required 1

What amount should the company report as net cash flows from investing activities? (Negative value should be indicated by a minus sign. Enter your answer in millions.)

Net cash flow from investing activities

million

Required 2

What amount should the company report as net cash flows from financing activities? (Negative value should be indicated by a minus sign. Enter your answer in millions.)

Net cash flow from financing activities

million