Question
Selected information from a company's accounting records and financial statements for 2021 is as follows ($ in millions): Cash paid to acquire equipment $32 Treasury
Selected information from a company's accounting records and financial statements for 2021 is as follows ($ in millions):
Cash paid to acquire equipment | $32 |
Treasury stock purchased for cash | 29 |
Proceeds from sale of land and buildings | 28 |
Gain from the sale of land and buildings | 10 |
Investment revenue received | 39 |
Cash paid to acquire office equipment | 26 |
Sold marketable equity securities | 16 |
On its statement of cash flows, the company should report net cash flows from investing activities of:
Group of answer choices
$14 million net outflow
$46 million net outflow
$24 million net inflow
$6 million net inflow
'
Selected information from a company's accounting records and financial statements for 2021 is as follows ($ in millions):
Cash paid to retire bonds | $33 |
Proceeds from issuance of mortgage bonds | 58 |
Cash interest paid to bondholders | 4 |
Decrease accounts payable | 6 |
Treasury stock purchased for cash | 53 |
Proceeds from issuance of common stock | 44 |
Cash dividends paid on common stock | 6 |
In its statement of cash flows, the company should report net cash flows from financing activities of:
Group of answer choices
$18 million net inflow
$6 million net inflow
$10 million net inflow
$16 million net outflow
A company reported net income of $68 million. Included in that number were depreciation expense of $2 million and a gain on the sale of equipment of $4 million. Records reveal decreases in accounts receivable and accounts payable of $3 million and $6 million, respectively. And an increase in inventory of $1 million.
What were the company's cash flows from operating activities?
Group of answer choices
$74 million
$72 million
$62 million
$84 million
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