Question 1

Kutcher Systems sold land, investments, and issued their own common stock for $11 million, $15 million, and $20 million, respectively. Kutcher also purchased treasury stock, equipment, and a patent for $2 million, $2 million, and $5 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