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Category > Accounting Posted 06 May 2018 My Price 9.00

D-Rose Distributors

In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information:

 

  

 

  ($ in millions)
  Purchase of treasury bills (considered a cash equivalent) 8.0
  Sale of preferred stock 152.0  
  Gain on sale of land 6.0  
  Proceeds from sale of land 27.0  
  Issuance of bonds payable for cash 142.0  
  Purchase of equipment for cash 32.0  
  Purchase of GE stock 37.0  
  Declaration of cash dividends 136.0  
  Payment of cash dividends declared in previous year 132.0  
  Purchase of treasury stock 122.0  
  Payment for the early extinguishment of  
         long-term notes (carrying (book) value: $100 million) 112.0  
 

 

  

 

Required:
1.

In D-Rose’s statement of cash flows, what were net cash inflows (or outflows) from investing activities? (List any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

Answers

Maurice Tutor
(5)
Status NEW Posted 06 May 2018 07:05 PM My Price 9.00

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