In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug
Question:
In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Inc. collected the following information:
Required:
1. In D-Krug’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2024?
2. In D-Krug’s statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2024?
Transcribed Image Text:
Payment for the early extinguishments of long-term notes (book value: $50 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $11) Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $54 176 122 2 8 10 7 GOT5I333 1 13 30
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