Connect CSecure https//newconnect.mheducation.com/flow/connect.html Ch. 21 - Bri

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Connect CSecure https//newconnect.mheducation.com/flow/connect.html Ch. 21 - Brief Exercises (60 minutes) Help Save & Exlt Submlt Saved 3 Check my work 9 Brief Exercise 21-9 Investing activities [LO21-5) 8.33 points Carter Containers sold marketable securities, land, and common stock for $28.0 million, $18.0 million, and?45.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $16.0 million, $18.0 million, and $13.0 million, respectively What amount should Carter report as net cash from investing 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).) eBook References $ in millions Cash Flows from Investing Activities Net cash inflows (outflows) from investing activities Mc Graw Hill ?Prey 9 of 12? Next> 4.00 PM ???@) a e ? ^??41 4/29/2018

Explanation / Answer

($ in millions) ($ in millions) Cash flows from investing activities Sale of marketable securities $                      28 Sales of Land $                      18 Purchase of Equipment $                    -18 Purchase of Patent $                    -13 Net cash used in investing activities $                      15

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