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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: $96.0 million)$ 100.0Sale of common shares252.0Retirement of common shares141.0Loss on sale of equipment3.9Proceeds from sale of equipment15.6Issuance of short-term note payable for cash29.0Acquisition of building for cash16.5Purchase of marketable securities (not a cash equivalent)24.0Purchase of marketable securities (considered a cash equivalent)20.0Cash payment for 3-year insurance policy22.0Collection of note receivable with interest (principal amount, $30)32.0Declaration of cash dividends70.0Distribution of cash dividends declared in 202367.0
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 rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).
2. In D-Krug's 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 rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5 )
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