Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. brief exercise 11-11 calculate net cash flows from

Brief Exercise 11-11 Calculate net cash flows from financing activities (LO11-5) Creative Sound...

70.2K

Verified Solution

Question

Accounting

image

Brief Exercise 11-11 Calculate net cash flows from financing activities (LO11-5) Creative Sound Systems sold investments, land, and its own common stock for $39.0 million, $14.1 million, and $38.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.1 million, $24.1 million, and $11.1 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from financing activities Net cash flows from financing activities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

A proportion of the individuals in a given population exhibit a deleterious trait that is controlled...

Biology
1.2K views

Being right-handed is an autosomal dominant trait over being left-handed. Hitchhikerthumb is dominant over straight...

Physics
1.2K views

1 A particle with total energy E is moving in a potential energy region U...

Basic Math
1.2K views

Tablet Computers Annual sales (in millions of units) of a certain brand of tablet computers...

Basic Math
1.2K views

Suppose that a point moves along a curve y = f(x) y=f(x) in the xy-plane...

Algebra
1.2K views

P Q T T T F TI FT F F N P Q lowing P...

Algebra
1.2K views

Rewrite the quadratic function in standard form f x 2x 6x f x Give the...

Accounting
1.2K views

23 Question 10 of 10 0.53/1 Ivanhoe Roofing is faced...

Accounting
1.2K views

Carvey Company manufactures a variety of ballpoint pens. The company has just received an offer...

Accounting
1.2K views

Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on...

Finance
1.2K views

The driving distance for the top 100 golfers on the PGA tour is between 284.7...

Finance
1.2K views

B. Problem Statement The Delta Power Company is planning to invest in several of eight...