Solution-What were net cash inflows from investing

What were net cash inflows from investing activities

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Reference no: EM131791983

Question - In preparation for developing its statement of cash flows for the year ended December 31, 2011, Millennium Solutions, Inc., collected the following information ($ in millions):

	($ 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 2010	30

Required:

(1) In Millennium's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2011?

(2) In Millennium's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2011?

Reference no: EM131791983

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What were net cash inflows from investing activities

Reference no: EM131791983

Reference no: EM131791983

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