In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information: ($ in millions) Payment for the early extinguishments of long-term notes (book value: $62.0 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of byilding for cash Purchase of markstable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $19) Declaration of cash dividends Distribution of cash dividends declared in 2020 $ 66.0 208.0 130.0 2.8 11.2 18.0 11.0 13.0 9.0 11.0 21.0 48.0 45.0

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc.
collected the following information:
(s in millions)
Payment for the early extinguishments of
long-tern notes (book value: $62.0 million)
Sale of common shares
Retirement of common shares
Loss on sale of equipment
Proceeds from sale of equipment
Issuance of short-term note payable for cash
Acquisition of byilding for cash
Purchase of markitable securities (not a cash equivalent)
Purchase of marketable securities (considered a cash equivalent)
Cash payment for 3-year insurance policy
Collection of note receivable with interest (principal amount, $19)
Declaration of cash dividends
Distribution of cash dividends declared in 2020
$ 66.0
208.0
130.0
2.8
11.2
18.0
11.0
13.0
9.0
11.0
21.0
48.0
45.0
03:28
Required:
1. In Millennium's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021? (Amounts to be
deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should
be entered as 5.5).)
($ in millions)
Cash Flows From Investing Activities:
$4
0.0
Net cash inflows (outflows) from investing activities
Transcribed Image Text:In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information: (s in millions) Payment for the early extinguishments of long-tern notes (book value: $62.0 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of byilding for cash Purchase of markitable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $19) Declaration of cash dividends Distribution of cash dividends declared in 2020 $ 66.0 208.0 130.0 2.8 11.2 18.0 11.0 13.0 9.0 11.0 21.0 48.0 45.0 03:28 Required: 1. In Millennium's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows From Investing Activities: $4 0.0 Net cash inflows (outflows) from investing activities
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