In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected
Fantastic news! We've Found the answer you've been seeking!
Question:
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information:\\
($ in millions) | |
Purchase of treasury bills (considered a cash equivalent) | 6.1 |
Sale of preferred stock | 150.1 |
Gain on sale of land | 4.1 |
Proceeds from sale of land | 25.1 |
Issuance of bonds payable for cash | 140.1 |
Purchase of equipment for cash | 30.1 |
Purchase of GE stock | 35.1 |
Declaration of cash dividends | 134.1 |
Payment of cash dividends declared in previous year | 130.1 |
Purchase of treasury stock | 120.1 |
Payment for the early extinguishment of | |
long-term notes (carrying (book) value: $100 million) | 110.1 |
Required:
1. In D-Rose’s statement of cash flows, what were net cash inflows (or outflows) from investing activities?
2. In D-Rose’s statement of cash flows, what were net cash inflows (or outflows) from financing activities?
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
Posted Date: