Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. brief exercise 11-8 calculate net cash flows from

Brief Exercise 11-8 Calculate net cash flows from investing activities (LO11-4) Creative Sound Systems sold...

60.1K

Verified Solution

Question

Accounting

image

Brief Exercise 11-8 Calculate net cash flows from investing activities (LO11-4) Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million, and $38.0 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.0 million, $24.0 million, and $11.0 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. 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 investing activities Net cash flows from investing 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

Accounting
1.2K views

On January 1, 2012, Morgan Company acquires $300,000 ofNicklaus, Inc., 9% bonds at a...

Physics
1.2K views

Question No The path of a charged particle entering in a uniform magnetic field making...

Physics
1.2K views

22 A bullet is fired from a gun The force on the bullet is given...

Calculus
1.2K views

For the function f x x ln 1 x 3x 2tan x determine intervals of...

Calculus
1.2K views

The accompanying table is from a study conducted with the stated objective of addressing cell...

Algebra
1.2K views

7 Solve for y Explain all steps Y 8 15 3 R JU i 11...

Accounting
1.2K views

how to solve this? Information Each...

Accounting
1.2K views

Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS...

Accounting
1.2K views

Steven Spielberg, Inc. produces a single product. The costs of producing and selling a single...

Finance
1.2K views

8.4 BETA AND REQUIRED RATE OF RETURN A stock has a required return of 12%,...

Finance
1.2K views

You just found the house of your dreams. The price of the house is $100,000....

Accounting
1.2K views

Calculating Lower-of Cost-or-Net Realizable Value The following information is from Guccii Companys...