Creative Sound Systems sold investments, land, and its own common stock for $29.

Question

Creative Sound Systems sold investments, land, and its own common stock for $29.2 million, $15.7 million, and $40.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.2 million, $26.0 million, and $12.6 million, respectively.

Creative Sound Systems sold investments, land, and its own common stock for $29.2 million, $15.7 million, and $40.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.2 million, $26.0 million, and $12.6 million, respectively.

Explanation / Answer

cash flow from financing activities contains the sum total of the changes that a company experienced during a designated reporting period that were caused by transactions with owners or lenders to either:

Here in question following items will show under cash flow from financing activities:

Sale of investment of $29.2 Million as positive

its own common stock for $ 40.2 Million as positive

Treasury stock purchase of $21.2 Million as negative

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