Required Information [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Incorporated collected the following information: Payment for the early extinguishments of long-term notes (book value: $50.0 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 building for cash Purchase of marketable 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, $15) Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $ 54.0 192.0 126.0 2.4 9.6 14.0 9.0 9.0 5.0 7.0 17.0 40.0 37.0 2. In D-Krug's statement of cash flows, what were net cash Inflows (or outflows) from financing activities for 2024? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e.. 5,500,000 should be entered as 5.5). Answer is complete but not entirely correct. Cash Flows from Financing Activities: Repayment of long-term notes Sale of common shares Retirement of common shares Issuance of short-term note payable for cash Distribution of cash dividends Net cash inflows (outflows) from financing activities ($ in millions) S 0.0 0.0 0.0 0.0 0.0☑ 0.0
Required Information [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Incorporated collected the following information: Payment for the early extinguishments of long-term notes (book value: $50.0 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 building for cash Purchase of marketable 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, $15) Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $ 54.0 192.0 126.0 2.4 9.6 14.0 9.0 9.0 5.0 7.0 17.0 40.0 37.0 2. In D-Krug's statement of cash flows, what were net cash Inflows (or outflows) from financing activities for 2024? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e.. 5,500,000 should be entered as 5.5). Answer is complete but not entirely correct. Cash Flows from Financing Activities: Repayment of long-term notes Sale of common shares Retirement of common shares Issuance of short-term note payable for cash Distribution of cash dividends Net cash inflows (outflows) from financing activities ($ in millions) S 0.0 0.0 0.0 0.0 0.0☑ 0.0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
None
![Required Information
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions,
Incorporated collected the following information:
Payment for the early extinguishments of long-term notes (book value: $50.0 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 building for cash
Purchase of marketable 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, $15)
Declaration of cash dividends
Distribution of cash dividends declared in 2023
($ in
millions)
$ 54.0
192.0
126.0
2.4
9.6
14.0
9.0
9.0
5.0
7.0
17.0
40.0
37.0
2. In D-Krug's statement of cash flows, what were net cash Inflows (or outflows) from financing activities for 2024?
Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e..
5,500,000 should be entered as 5.5).
Answer is complete but not entirely correct.
Cash Flows from Financing Activities:
Repayment of long-term notes
Sale of common shares
Retirement of common shares
Issuance of short-term note payable for cash
Distribution of cash dividends
Net cash inflows (outflows) from financing activities
($ in millions)
S
0.0
0.0
0.0
0.0
0.0☑
0.0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F28daa945-d7e4-4853-85d1-cf1a8c29ac15%2F5c668ec0-789e-4475-8e47-892b413f5402%2F4wkuo5p_processed.png&w=3840&q=75)
Transcribed Image Text:Required Information
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions,
Incorporated collected the following information:
Payment for the early extinguishments of long-term notes (book value: $50.0 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 building for cash
Purchase of marketable 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, $15)
Declaration of cash dividends
Distribution of cash dividends declared in 2023
($ in
millions)
$ 54.0
192.0
126.0
2.4
9.6
14.0
9.0
9.0
5.0
7.0
17.0
40.0
37.0
2. In D-Krug's statement of cash flows, what were net cash Inflows (or outflows) from financing activities for 2024?
Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e..
5,500,000 should be entered as 5.5).
Answer is complete but not entirely correct.
Cash Flows from Financing Activities:
Repayment of long-term notes
Sale of common shares
Retirement of common shares
Issuance of short-term note payable for cash
Distribution of cash dividends
Net cash inflows (outflows) from financing activities
($ in millions)
S
0.0
0.0
0.0
0.0
0.0☑
0.0
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