Question: Question 6 For 24 marks During 2019, the following items were reported on Comfort Shoe Co's statement of cash flows in millions of dollars.
Question 6 For 24 marks During 2019, the following items were reported on Comfort Shoe Co's statement of cash flows in millions of dollars. For each item, identify the type of activity it is (operating, investing. financing) and the effect it would have on cash flows statement (added or deducted). Each answer worth 2 marks. (in millions S) Acquisitions and investments in unconsolidated $64 affiliates Sales of property, plant, and equipment Investee equity income, and gains on sale of equipment Short-term investments, purchases Short-term investments, sales Long-term investments, sales 38 207 44 38 50 Please review the following information: Acquisitions and investments in unconsolidated affiliates Sales of property, plant, and equipment Investee equity income, and gains on sale of equipment Short-term investments, purchases Short-term investments, sales Long-term investments, sales Type of Activity Effect on Cash +/-
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