Return to question Carter Containers sold marketable securities, land, and commo

Question

Return to question Carter Containers sold marketable securities, land, and common stock for $27.0 million, $15.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $14.0 million, $25.5 million, and $13.2 million, respectively. What amount should Carter report as net cash from financing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) points Answer is complete but not entirely correct. ($ in illions Cash Flows from Financing Activities: Purchase of marketable securities Proceeds from sale of land Purchase of equipment for cash Purchase of patent for cash 15.50 (25.5) 13.2)e Net cash inflows (outflows) from financing activities 3.8

Explanation / Answer

Cash flow from financing activities :

($ in million) Cash flow from financing activities Sale of common Stock 40 Purchase treasury Stock -14 Net cash inflow from financing activities 26

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