Business, 28.12.2019 06:31 Katelyn1236
In preparation for developing its statement of cash flows for the year ended december 31, 2016, millennium solutions, inc., collected the following information ($ in millions):
payment for the early extinguishments of long-term notes (book value: $50 million) $ 54
sale of common shares $ 176
retirement of common shares 122
loss on sale of equipment 2
proceeds from sale of equipment 8
issuance of short-term note payable for cash 10
acquisition of building for cash 7
purchase of marketable securities (not a cash equivalent) 5
purchase of marketable securities (considered a cash equivalent) 1
cash payment for 3-year insurance policy 3
collection of note receivable with interest (principal amount, $11) 13
declaration of cash dividends 33
distribution of cash dividends declared in 2015 30
required:
in millennium’s statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016? (amounts to be deducted should be indicated with a minus sign. enter your answers in millions (i. e., 10,000,000 should be entered as
Answers: 2
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In preparation for developing its statement of cash flows for the year ended december 31, 2016, mill...
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