Mobile Video Systems sold land, investments, and issued their own common stock for $11 million. $16 million, and $20 million, respectively. Mobile Video also purchased treasury stock, equipment, and a patent for $3 million, $3 million, and $4 million, respectively. a. What amount should the company report as net cash flows from investing activities? (Negative value should be indicated by minus sign. Enter your answer in millions.) million b. What amount should the company report as net cash flows from financing activities? (Negative value should be indicated by minus sign. Enter your answer in millions.) million
Solution
Answer : (a). The company should report as net cash flow from investing activities:
Answer : (b). The company should report as net cash flow from financing activities:
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Mobile Video Systems sold land- investments- and issued their own comm.docx
1. Mobile Video Systems sold land, investments, and issued their own common stock for $11
million. $16 million, and $20 million, respectively. Mobile Video also purchased treasury stock,
equipment, and a patent for $3 million, $3 million, and $4 million, respectively. a. What amount
should the company report as net cash flows from investing activities? (Negative value should be
indicated by minus sign. Enter your answer in millions.) million b. What amount should the
company report as net cash flows from financing activities? (Negative value should be indicated
by minus sign. Enter your answer in millions.) million
Solution
Answer : (a). The company should report as net cash flow from investing activities:
Answer : (b). The company should report as net cash flow from financing activities:
Particulars Amount ($ in millions)
Cash flow fron investing activities
Sale of land 11
Sale of investment 16
Purchase of equipment -3
Purchase of patent -4
Net cash flow from investing activity 20
