Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16 million, and $42 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $22 million, $26 million, and $13 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 answers in millions (i.e., $10,100,000 should be entered as 10.1).) CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from investing activities Sale of investments Sale of land Purchase equipment Purchase a patent 2$ Net cash flows from investing activities

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Chapter1: Financial Statements And Business Decisions
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Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16 million, and $42 million, respectively.
Creative Sound Systems also purchased treasury stock, equipment, and a patent for $22 million, $26 million, and $13 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 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
Sale of investments
Sale of land
Purchase equipment
Purchase a patent
24
Net cash flows from investing activities
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Transcribed Image Text:Saved Help Save & Ex Chec Creative Sound Systems sold investments, land, and its own common stock for $40 million, $16 million, and $42 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $22 million, $26 million, and $13 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 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 Sale of investments Sale of land Purchase equipment Purchase a patent 24 Net cash flows from investing activities < Prev 3 of 9 Next > ........-. ..
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