Question: In preparation for developing its statement of cash flows for the year ended December 31, 2018, Rapid Pac, Inc., collected the following information: in siltions)
In preparation for developing its statement of cash flows for the year ended December 31, 2018, Rapid Pac, Inc., collected the following information: in siltions) $30.enillion) Fair value of shares issued in a stock dividend Payment for the early extinguishaent of long-ter bonds (book value: $94.0 million) Proceeds from the sale of treasury stock (cost Gain on sale of land Proceeds froe sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2017 3.9 11.7 168. 64.0 Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows for outflows) from investing activities for 2018? 2. In Rapid Pac's statement of cash flows, what were net cash inflows for outflows) from financing activities for 2018? e del Complete this question by entering your answers in the tabs below. Required 1 ES Required 2 In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from to be deducted should be indicated with a minus sign. Enter your answers 5,500,000 should be entered as 5.5)) activities for 2018? (Amounts to I decimal place (... - EE BETT 1 SS18 Cash Flows from Financing Activities: Net cash inflows outflows) from financing activities
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