Assignments: ACCT-2301-10 XO Question 4 - Chapter 11 As Xhttps://ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Flms.mheducat..ignment iSavedHelpSave &CheCreative 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 Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decreasein cash as negative amounts. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)CREATIVE SOUND SYSTEMSStatement of Cash Flows (partial)Cash flows from financing activitiesNet cash flows from financing activitiesNext >

Ans. Financing activities relates to activities related with raising of funds whether equity or…

land, and its own common stock fo Creative Sound Systems also purchased treasury stock, equipment, and a pat respectively. What amount should Creative Sound Systems report as net cash flows from fi in cash as negative amounts. Enter your answers in millions (i.e., $10,100,00 CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from financing activities Not cach flows from financing activities %24

land, and its own common stock fo Creative Sound Systems also purchased treasury stock, equipment, and a pat respectively. What amount should Creative Sound Systems report as net cash flows from fi in cash as negative amounts. Enter your answers in millions (i.e., $10,100,00 CREATIVE SOUND SYSTEMS Statement of Cash Flows (partial) Cash flows from financing activities Not cach flows from financing activities %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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