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Creative Sound Systems sold investments, land, and its own common stock for $37.0 million, $15.7 million, and $41.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.7 million, $25.7 million, and $12.7 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing 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 sold investments, land, and its own common stock for $37.0 million, $15.7 million, and $41.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.7 million, $25.7 million, and $12.7 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing 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).)

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 12P
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Brief Exercise 11-11 Calculate net cash flows from financing activities (LO11-5) Creative Sound Systems sold investments, land, and its own common stock for $37.0 million, $15.7 million, and $41.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.7 million, $25.7 million, and $12.7 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing 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 financing activities Net cash flows from financing activities $ 0.0
Transcribed Image Text:Brief Exercise 11-11 Calculate net cash flows from financing activities (LO11-5) Creative Sound Systems sold investments, land, and its own common stock for $37.0 million, $15.7 million, and $41.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.7 million, $25.7 million, and $12.7 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing 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 financing activities Net cash flows from financing activities $ 0.0
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