1. Carter Containers sold marketable securities, land, and common stock for $41.
ID: 2582764 • Letter: 1
Question
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Carter Containers sold marketable securities, land, and common stock for $41.0 million, $12.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $20.5 million, $21.5 million, and $12.6 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 5.5).)
2.
Sunset Acres reported net income of $66.0 million. Included in that number were trademark amortization expense of $2.5 million and a gain on the sale of land of $1.6 million. Records reveal decreases in accounts receivable, accounts payable, and inventory of $1.4 million, $2.4 million, and $3.4 million, respectively.
What were Sunset’s cash flows from operating 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 5.5).)
Cash flow from operating activities -
adjustments for noncash effects -
Changes in operating assets and liabilities -
= net cash flow from operating activities -
Carter Containers sold marketable securities, land, and common stock for $41.0 million, $12.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $20.5 million, $21.5 million, and $12.6 million, respectively
Explanation / Answer
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Cash flows from financing activities Cash received from stock issuance $40 Million Purchase of treasury stock ($20.5 Million) Net cash provided by financing activities $19.5 MillionRelated Questions
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