Question

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

Answer 1

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

Step-by-step 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 -12,100,000

Net cash provided from 8,900,000

Investing activities