Creative Sound Systems sold investments, land, and its own common stock for $38

Question

Creative Sound Systems sold investments, land, and its own common stock for $38 million, $15.8 million, and $41.6 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.8 million, $25.8 million, and $12.8 million, respectively. What amount should the company report as net cash flows from investing activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Net cash flows from investing activities 0.0

Explanation / Answer

Answer:-

CREATIVE SOUND SYSTEMS Statement of partial cash flows Particulars Amount $ In millions Cash flows from Investing Activities Sale of Investments 38 Sale of Land 15.8 Equipment purchased -25.8 Purchase a patent -12.8 Net cash flow from Investing actvities 15.2

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.