Creative Sound Systems sold invesunents, land, and its own common stock for $320 mon $52 on and 5404on respectively. Creative Sound Systems also purchased breasury stock equpment and a pnt for $212 mlon 5252on and $12.2 million, respectively What amount should the company report as net cash flows ftrom investing activitiesList cesh outiows and eny decresse in cesh as negetive amounts. Round your answers to 1 decimal plece. Enter your anwers in millions e S10.100.000 should be entered as 10.1)) CREATIVE SOUND SYSTEMS Statement of Cash Flows ipartial Cash fiows brom nvestng activits 252 Not cash fows from nvesting adiviles
Creative Sound Systems sold invesunents, land, and its own common stock for $320 mon $52 on and 5404on respectively. Creative Sound Systems also purchased breasury stock equpment and a pnt for $212 mlon 5252on and $12.2 million, respectively What amount should the company report as net cash flows ftrom investing activitiesList cesh outiows and eny decresse in cesh as negetive amounts. Round your answers to 1 decimal plece. Enter your anwers in millions e S10.100.000 should be entered as 10.1)) CREATIVE SOUND SYSTEMS Statement of Cash Flows ipartial Cash fiows brom nvestng activits 252 Not cash fows from nvesting adiviles
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![textbook PSC
W Exercises
He
Seve &E Suant
Chece my snt
Creative Sound Systems sold invesunents, land, and its own common stock for $320 milion S15.2 milion, and 5404 mion
respectively. Creative Sound Systems also purchased treasury stock equipment and a patent for $212 million $252 milion and
$12.2 million, respectively
What amount should the company report as net cash tlows from investing uctivities? (List cosh outflows and eny decrease in cash as
negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (l.e, $10,100.000 should be entered as
10.1).)
Ces
CREATIVE SOUND SYSTEMS
Statement of Cash Flows (partial
Cash flows trom investng activitrs
252
Not cash fovws from nvesting adivities](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffd644ef1-0ef8-4b8b-b65d-c623df9b5a9f%2F754b0950-bbf7-4f48-8c38-d780dbb1a4de%2F6ckjy48_processed.jpeg&w=3840&q=75)
Transcribed Image Text:textbook PSC
W Exercises
He
Seve &E Suant
Chece my snt
Creative Sound Systems sold invesunents, land, and its own common stock for $320 milion S15.2 milion, and 5404 mion
respectively. Creative Sound Systems also purchased treasury stock equipment and a patent for $212 million $252 milion and
$12.2 million, respectively
What amount should the company report as net cash tlows from investing uctivities? (List cosh outflows and eny decrease in cash as
negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (l.e, $10,100.000 should be entered as
10.1).)
Ces
CREATIVE SOUND SYSTEMS
Statement of Cash Flows (partial
Cash flows trom investng activitrs
252
Not cash fovws from nvesting adivities
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education