Carter Containers sold marketable securities, land, and common stock for $36.0 m

Question

Carter Containers sold marketable securities, land, and common stock for $36.0 million, $12.0 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $24.0 million, $22.0 million, and $8.2 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 55 Cash Flows from Investing Activities Net cash inflows (outflows) from investing activities References eBook & Resources Worksheet Difficulty 1 Easy Brief Exercise 21-9 Investing activities [LO21.5

Explanation / Answer

$12 million

Cash flow from investing activities: Sale of marketable securities $36 million Sale of land

$12 million

Purchase equipment ($22 million) Purchase a patent ($8.2 million) Net cash flow from Investing activities $17.8 million

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