Brief Exercise 11-8 Calculate net cash flows from investing activities (L011-3)

Question

Brief Exercise 11-8 Calculate net cash flows from investing activities (L011-3) Creative Sound Systems sold investments, land, and its own common stock for $37 million, $15.7 million, and $41.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.7 million, $25.7 million, and $12.7 million, respectively. What amount should the company report as net cash flows from investing activities? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Net cash flows from investing activities 0.0

Explanation / Answer

CREATIVE SOUND SYSTEMS

Statement of Cash Flows (partial)

Cash flows from investing activities Sale of investments $37 Sale of land $15.7 Purchase equipment ($25.7) Purchase a patent ($12.7) Net cash flows from investing activities $14.3

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