Brief Exercise 21-10 Financing activitles [LO21-6] Carter Containers sold market

Question

Brief Exercise 21-10 Financing activitles [LO21-6] Carter Containers sold marketable securities, land, and common stock for $38.0 million, $14.0 miliion, and $45 5 miltion, respectvely Carter also purchased treasury stock, equipment, and a patent for $20 0 milion, $24.0 million, and $11.8 million, respectively What amount should Carter report as net cash from financing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e. 5,500,000 should be entered as (5 in milions) Cash Flows from Financing Activities Net cash inflovws (outhlouws) from financing activities Book & Resources Worksheet Bief Exercise 21-10 Financing

Explanation / Answer

Cash flow from financing activity :

Cash flow from financing activity Sale of common stock 45.5 Purchase of treasury stock (20) Net cash flow from financing activity 25.5

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