Carter Containers sold marketable equity securities, land, and common stock for $28.0 million, $18.0 million, and...

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Carter Containers sold marketable equity securities, land, and common stock for $28.0 million, $18.0 million, and $45.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $16.0 million, $18.0 million, and $13.0 million, respectively. Required: What amount should Carter report as net cash from financing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. ($ in millions) Cash Flows from Financing Activities: Purchase of treasury stock Purchase of patent for cash $ 16.0 X 44.0 Proceeds from sale of common stock 45.0 Net cash inflows (outflows) from financing activities 105.0 %24 Carter Containers sold marketable equity securities, land, and common stock for $28.0 million, $18.0 million, and $45.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $16.0 million, $18.0 million, and $13.0 million, respectively. Required: What amount should Carter report as net cash from financing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. ($ in millions) Cash Flows from Financing Activities: Purchase of treasury stock Purchase of patent for cash $ 16.0 X 44.0 Proceeds from sale of common stock 45.0 Net cash inflows (outflows) from financing activities 105.0 %24

Answer rating: 100% (QA)

Cash flow from Financing activities Sale of common stoc... View the full answer