Question: Brief Exercise 11-11 Calculate net cash flows from financing activities (LO11-5) Creative Sound Systems sold investments, land, and its own common stock for $31.0
Brief Exercise 11-11 Calculate net cash flows from financing activities (LO11-5) Creative Sound Systems sold investments, land, and its own common stock for $31.0 million, $14.9 million, and $39.8 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.9 million, $24.9 million, and $11.9 million, respectively What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from financing activities Net cash flows from financing activities $ 0.0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
