In preparation for developing its statement of cash flows for the year ended December 31,...
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Accounting
In preparation for developing its statement of cash flows for the year ended December 31, 2024, Millennium Solutions, Incorporated collected the following information:
($ in millions) | |
---|---|
Payment for the early extinguishment of long-term notes (book value: $100 million) | $ 109.9 |
Sale of common shares | 353.9 |
Retirement of common shares | 245.9 |
Loss on sale of equipment | 5.9 |
Proceeds from sale of equipment | 17.9 |
Issuance of short-term note payable for cash | 21.9 |
Acquisition of building for cash | 15.9 |
Purchase of marketable securities (not a cash equivalent) | 11.9 |
Purchase of marketable securities (considered a cash equivalent) | 3.9 |
Cash payment for 3-year insurance policy | 7.9 |
Collection of note receivable with interest (principal amount, $22) | 27.9 |
Declaration of cash dividends | 67.9 |
Distribution of cash dividends declared in 2023 | 61.9 |
Required:
- Calculate the net cash inflow/outflow from the investing activities of Millennium's statement of cash flows for 2024.
- Calculate the net cash inflow/outflow from the financing activities of Millennium's statement of cash flows for 2024.
Note: For all requirements, list any cash outflow 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).
Complete this question by entering your answers in the tabs below.
- Required 1
- Required 2
COMPLETE THE QUESTIONDS BELOW |
REQUIREMENT 1 | REQUIREMENT 2 |
Calculate the net cash inflow/outflow from the investing activities of Millennium's statement of cash flows for 2024. | |||||||||||||||
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