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Safari File Edit View History Bookmarks Window Help 44% n Sun 11:25 AM ezto mheducatien.com Aasignment-ACCT-2010-M50 -Fundameslals of AcctI Ci1 Required Assigment James Mashburn Flnanclal Accounting 4e ACCT 2010: Summer 2018 Online ACCT 2010 M50 COUNTING T-Wovles 2016.mp4 Ch11 Required Assignment instructionsI help Question 2 (of 3) ? sawe &Exit; | Submit | 1.00 points Screen Shot 18-07...744 AM Brief Exercise 11-9 Calculate net cash flows from financing activities (LO11-3) 31 million, S15.1 million, and?40.2 million, respectively. Creative Sound Systems also purchased treasury stock equipment, and a patent or $21.1 Creative Sound Systems s ld investments, land, and its own common st k fr million, $25.1 milion, and $12.1 million, respectively. What amount shoukd Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as nogative amounts. Enter your answer in millions. (i.., $10,000,000 should be entered as 10)-) CREATIVE SOUND SYSTEMS Statement of Cash Flows Cash lows from fincing acvities Nel cash lows frorn finiarncing activites References eBook & Resources Worksheet Difficulty: 1 Easy

Solution

Creative sound systems

Statement of cash flows (partial)

Cash flows from financing activities
Issue (sale) of common stock	40.2
Purchase of treasury stock	-21.1
Net cash flows from financing activities		19.1