Mobile Video Systems sold land, investments, and issued their own common stock for $11 million, $15 million, and $21 million, respectively. Mobile Video also purchased treasury stock, equipment, and a patent for $1 million, $3 million, and $5 million, respectively.

  

a.	What amount should the company report as net cash flows from investing activities? (Enter your answer in millions. Omit the "$" sign in your response.)

  

Net cash from investing activities

$

  

b.	What amount should the company report as net cash flows from financing activities? (Enter your answer in millions. Omit the "$" sign in your response.)

  

Net cash from financing activities

$

Answer rating: 100% (QA)

Solution a Cash flows from Investing Activities Sale of Land 11 Sale of ... View the full answer