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21 Oct 2018
14-3 What are the three major sections on a statement of cash flows, and what type of cash inflows and outflows should be included in each section?
14-3 What are the three major sections on a statement of cash flows, and what type of cash inflows and outflows should be included in each section?
Jarrod RobelLv2
22 Oct 2018
Related questions
| In preparation for developing itsstatement of cash flows for the year just ended, D-RoseDistributors collected the following information: |
| ($ inmillions) | |
| Purchase of treasurybills (considered a cash equivalent) | 6.1 |
| Sale of preferredstock | 150.1 |
| Gain on sale ofland | 4.1 |
| Proceeds from sale ofland | 25.1 |
| Issuance of bondspayable for cash | 140.1 |
| Purchase of equipmentfor cash | 30.1 |
| Purchase of GEstock | 35.1 |
| Declaration of cashdividends | 134.1 |
| Payment of cashdividends declared in previous year | 130.1 |
| Purchase of treasurystock | 120.1 |
| Payment for the earlyextinguishment of | |
| long-termnotes (carrying (book) value: $100 million) | 110.1 |
| Required: | |
| 1. | In D-RoseâÂÂs statement of cash flows, what were net cash inflows(or outflows) from investing activities? (List any cashoutflow with a minus sign. Enter your answer in millions rounded to1 decimal place (i.e., 5,500,000 should be entered as5.5).) |
| 2. | In D-RoseâÂÂs statement of cash flows, what were net cash inflows(or outflows) from financing activities? (List any cashoutflow with a minus sign. Enter your answer in millions rounded to1 decimal place (i.e., 5,500,000 should be entered as5.5).) |
