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Safari File Edit View History Bookmarks Window Help 44% n Sun 1128 AM ezto mheducatien.com Assignment- ACCT-2010-M50-Fundamentals of Axt Accounting question I Chegg.com Summer 2018 Online ACCT 2010 M50 Ch11 Required Assignment Instructions I help T-Wovles 2016.mp4 Question 3 (of 3) Save & Exit Submit 1.00 polnts Screen Shot EX Qu. 164 Mobile Video Systems sold land, investments... Moble Video Systems soki land, investments, and issued their own common stock far $10 million, $16 million, and $20 million, respectively. Mobile Video also purchased treasury stock, equipment, and a patent for 52 million, $3 million, and $4 million, respectively. a. What amount should the company report as net cash faws from investing activities? (Nogative value should be indicated by minus sign. Enter your answer in millions.) 2018-07 5.31 AM b. What amount should the company report as nel cash flows from financing activities? (Negative value should be indicated by minus sign. Enter your answer in millions.) et cash flaw frem f References Exercise Diffi culty: 3 Hard EX Qu. 164 Mobile Video Systems sold land, investments. Learning Objective: 11-03 Prepare the investing activities section and the financing activities section of the statement of cash flowsExplanation / Answer
Answer a.
Net Cash Flows from Investing Activities = Sale of Land + Sale of Investments - Equipment purchased - Patent purchased
Net Cash Flows from Investing Activities = $10 million + $16 million - $3 million - $4 million
Net Cash Flows from Investing Activities = $19 million
Answer b.
Net Cash Flows from Financing Activities = Issuance of Common Stock - Purchase of Treasury Stock
Net Cash Flows from Financing Activities = $20 million - $2 million
Net Cash Flows from Financing Activities = $18 million
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