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...

90.2K

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What are the arguments for and against rationing health care on the basis of age? As...

Psychology
Q

Two rectangular pieces of plane glass are laid one upon the other on a table. A...

Physics
Q

When studies have interaction effects, what do these effects tell us? What are the advantages of...

Psychology
Q

Please provide a digital design circuit modeled in structural verilog that takes two 5-bit inputs (in 2's...

Electrical Engineering
Q

Damage Expense Topic: Violations of Internal Control Characters: Chris, New Distribution Supervisor at a large candy manufacturer...

General Management
Q

In a rising interest rate environment, how would bond values change over time? As a bond...

Finance
Q

Cell division in eukaryotes is more complicated than prokaryotes due to the presence of a...

Biology
Q

6 In a YDSE distance between the slits is 2 mm the distance of the...

Physics
Q

Please explain to your new client the differences between servers and consumer personal computers as...

Basic Math
Q

whether auditor should be blamed when a company which they have expressed an unmodified audit...

Accounting
Q

23. Whitlaw Corporation has $150,000 of gross pro?t on sales, operating expenses of $60,000 (excluding...

Accounting
Q

When variances are immaterial, which of the following statements is true of the journal entry...

Accounting