EBK EXCELLENCE IN BUSINESS COMMUNICATIO
EBK EXCELLENCE IN BUSINESS COMMUNICATIO
11th Edition
ISBN: 9780100665934
Author: BOVEE
Publisher: YUZU
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Chapter 9, Problem 10LOC
Summary Introduction

To interpret:

The reasons to take particular care to maintain ethics and etiquette when crafting negative messages.

Introduction:

Negative messages can be communicated either directly where the negative aspect is directly addressed at the beginning of the message, or indirectly where the negative aspect is hidden between positive messages or other types of messages.

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In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated, collected the following information: ($ in millions) Fair value of shares issued in a stock dividend$ 100.0Payment for the early extinguishment of long-term bonds (book value: $89.0 million)94.0Proceeds from the sale of treasury stock (cost: $25.0 million)30.0Gain on sale of land3.4Proceeds from sale of land10.2Purchase of Microsoft common stock158.0Declaration of cash dividends59.0Distribution of cash dividends declared in 202355.0 Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2024? Note: Cash outflows 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).
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