investments, land , and its own common stock for $30 mllon, 15.0 mllion, and $41

Question

investments, land , and its own common stock for $30 mllon, 15.0 mllion, and $41.0mon, respectively. Creetive Sound Systems also purchascd treasury stock, equipment, and a patent for $21.9 million, Creative Sound Systems sold i $25.9 mlion, and $12.9 ion, respectively Whal amount should the comparny report as el cash ows from investing aclivilies? (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 Cash nows from investing activitics Nct cash lows f rom investing activites

Explanation / Answer

1).Cash flow from investing activities :-

Note :- Sale of Common stock and Purchase of Treasury stock are part of Financing activities.

2). Cash receive from customers = Amount decrease in Accounts Receivable

Cash receive from customers = $8.3 million

3). Cash paid for operating expnses :-

Cash Flow from investing activities Amount ($ in million) Sale of Investment 39 Sale of Land 15.9 Purchase of Equipment (25.9) Purchase of Patent (12.9) Net Cash Flow from investing activities 16.1

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