Question
Required information Skip to question [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the
Required information
Skip to question
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Incorporated collected the following information:
($ in millions) | |
---|---|
Payment for the early extinguishments of long-term notes (book value: $50 million) | $ 54 |
Sale of common shares | 176 |
Retirement of common shares | 122 |
Loss on sale of equipment | 2 |
Proceeds from sale of equipment | 8 |
Issuance of short-term note payable for cash | 10 |
Acquisition of building for cash | 7 |
Purchase of marketable securities (not a cash equivalent) | 5 |
Purchase of marketable securities (considered a cash equivalent) | 1 |
Cash payment for 3-year insurance policy | 3 |
Collection of note receivable with interest (principal amount, $11) | 13 |
Declaration of cash dividends | 33 |
Distribution of cash dividends declared in 2023 | 30 |
Required:
1. In D-Krugs statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2024?
Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
2. In D-Krugs statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2024?
Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
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