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 $39.0 million,

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 $39.0 million, $14.1 million, and $38.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.1 million, $24.1 million, and $11.1 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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
