Chapter $11$ and Appendix E Homework

Institution Page

Bloomberg for Edu.

Yow by Bev

Saved

$2$

Brief Exercise $11-8($Algo$)$ Calculate net cash flows from investing activities $($LO$11-4)$

$1\mathrm{.}25$

Creative Sound Systems sold investments, land, and its own common stock for $$37\mathrm{.}0$ million, $$14\mathrm{.}3$ million, and $$38\mathrm{.}6$ million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $$20\mathrm{.}3$ million, $$24\mathrm{.}3$ million, and $$11\mathrm{.}3$ million, respectively.

eBook

Print

What amount should the company report as net cash flows from investing activities? $($Cash outflows should be indicated with a minus sign. Round your answers to $1$ decimal place. Enter your answers in millions $($i$.$e$.,$ $$10,100,000$ should be entered as $10\mathrm{.}1).)$

References

$\backslash$table$[[$CREATIVE SOUND SYSTEMS