oner exercise inäncing actvities [Lo21-6 Carter Containers sold marketable secur

Question

oner exercise inäncing actvities [Lo21-6 Carter Containers sold marketable securities, land, and common stock for $34.0 million, $10.0 million, and $45.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $24.5 million, $21.0 million, and $11.5 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 vour answers in millions rounded to 1 decimal place (.e, 5,500,000 should be entered as 5.5) (S in millions) Cash Flows from Financing Activities Net cash inflows (outlows) from financing activities ReferenceseBook & Resources Workshoset 2 3 4 5 6 7 8 9

Explanation / Answer

Notes:

Sale of marketable securities are operating activites.

Sale of land, purchase of patent and equipment is investing activites

Amount in Millions Particulars Amount Common Stock 45 Purchase of treasury stock -24.5 Cash flow from financing activities 20.5

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