Creative Sound Systems sold investments, land, and its own common stock for $39

Question

Creative Sound Systems sold investments, land, and its own common stock for $39 million, $14.1 million, and $38.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.1 million, $24.1 million, and $11.1 million, respectively.

What amount should the company report as net cash flows from investing activities? (Enter your answers in millions rounded to one decimal places. List cash outflows as negative amounts.)

Creative Sound Systems sold investments, land, and its own common stock for $39 million, $14.1 million, and $38.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.1 million, $24.1 million, and $11.1 million, respectively.

Explanation / Answer

Cash flow from investing activities Amount $ million Sale of investment 39 sale Of land 14.1 Purchase of Equipment -24.1 Purchase of Patent -11.1 Net cash flow from Investing activities 17.9 Note: common stock sold and repurchased are financing activities

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