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[The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2021,
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information:
($ in millions) | |||
Payment for the early extinguishments of long-term notes (book value: $71.0 million) | $ | 75.0 | |
Sale of common shares | 220.0 | ||
Retirement of common shares | 133.0 | ||
Loss on sale of equipment | 3.1 | ||
Proceeds from sale of equipment | 12.4 | ||
Issuance of short-term note payable for cash | 21.0 | ||
Acquisition of building for cash | 12.5 | ||
Purchase of marketable securities (not a cash equivalent) | 16.0 | ||
Purchase of marketable securities (considered a cash equivalent) | 12.0 | ||
Cash payment for 3-year insurance policy | 14.0 | ||
Collection of note receivable with interest (principal amount, $22) | 24.0 | ||
Declaration of cash dividends | 54.0 | ||
Distribution of cash dividends declared in 2020 | 51.0 | ||
2. In Millenniums statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2021? (Amounts to be deducted 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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