Question: During 2014 Richardson Satellite Systems Inc purchased two other companies

During 2014, Richardson Satellite Systems, Inc., purchased two other companies for $8 million in cash. Also during 2014, Richardson made capital expenditures of $4.2 million in cash to expand its market share. During the year, Richardson sold its North American operations, receiving cash of $6.4 million. Overall, Richardson reported a net income of $5.3 million during 2014.
Show what Richardson would report for cash flows from investing activities on its statement of cash flows for 2014. Report a total amount for net cash provided by (used in) investing activities.

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  • CreatedJuly 25, 2014
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