Question

Refer to the situation described in BE11–8. What amount should Creative Sound Systems report as net cash flows from financing activities?
In BE11–8, Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16 million, and $42 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $22 million, $26 million, and $13 million, respectively. What amount should the company report as net cash flows from investing activities?



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  • CreatedJuly 15, 2014
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