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? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Net cash flows from investing activities $ 0.0
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? (List cash outflows and any decrease in cash as negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Net cash flows from investing activities $ 0.0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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? (List cash outflows and any decrease in cash as
negative amounts. Enter your answer in millions. (i.e., $10,000,000 should be entered as 10).)
CREATIVE SOUND SYSTEMS
Statement of Cash Flows (partial)
Cash flows from investing activities
Net cash flows from investing activities
$
0.0
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