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31 March, 14:03

Creative Sound Systems sold investments, land, and its own common stock for $31 million, $14.9 million, and $39.8 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.9 million, $24.9 million, and $11.9 million, respectively. What amount should the company report as net cash flows from investing activities?

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  1. 31 March, 14:48
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    cash generated from investing activites 9.1 millions

    Explanation:

    proceeds from investment 31 millions

    proceeds from land 14.9 millions

    purchase of equipment (24.9 millions)

    purchase of patent (11.9 millions)

    cash generated from investing activites 9.1 millions

    The purcahse of treasury stock

    and the sale of treasury stock (own common stock)

    should be disclosure in the financing activities
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