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laiz [17]
3 years ago
5

Creative Sound Systems sold investments, land, and its own common stock for $31 million, $15.1 million, and $40.2 million, respe

ctively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.1 million, $25.1 million, and $12.1 million, respectively. What amount should the company report as net cash flows from investing activities
Business
1 answer:
wlad13 [49]3 years ago
3 0

Answer:

Net cash provided from Investing activities is 8,900,000

Explanation:

Statement of cash flows from investing activities

                                                        Amount$

Sale of investment                        31,000,000

Sale of land                                    15,100,000

Purchase of equipment               -25,100,000

Purchase of patents                     <u>-12,100,000</u>

Net cash provided from              <u>8,900,000</u>

Investing activities

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