During 2021, A-2-Z Design Service's accounting records revealed the company sold equipment, investments, and its own common stock for $33.0 million, $14.7 million, and $39.4 million, respectively. Also during 2021, the company purchased treasury stock, land, and a trademark for $20.7 million, $24.7 million, and $11.7 million, respectively. Compute the company's net cash flows from financing activities. (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) A-2-Z DESIGN SERVICES Statement of Cash Flows (partial) Cash flows from financing activities Net cash flows from financing activities

During 2021, A-2-Z Design Service's accounting records revealed the company sold equipment, investments, and its own common stock for $33.0 million, $14.7 million, and $39.4 million, respectively. Also during 2021, the company purchased treasury stock, land, and a trademark for $20.7 million, $24.7 million, and $11.7 million, respectively. Compute the company's net cash flows from financing activities. (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) A-2-Z DESIGN SERVICES Statement of Cash Flows (partial) Cash flows from financing activities Net cash flows from financing activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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BT21 Inc. has recorded the following transactions on its book for the year 2021. How much total Cash Inflow from financing activities that BT21 should reflected on its Statement of Cash Flow:i. Payment for interest of the issued bonds on April 1, 2021, 900.ii. Cash dividend received on the short-term investment, 5,000iii. Depreciation on plant that manufactures goods for sale, 6,000.iv. Payment of income tax on gain on sale of treasury bills, 2,000.v. Issued 500 ordinary shares for 50,000.vi. Received cash from interest on the acquired treasury bonds of BigHit Corp, 2,400.vii. Payment for marketable securities, 12,000.
Angel Corporation's accounting records and financial statements for 2021 is as follows: Cash paid to acquire machinery = P32 million; Retired share capital = P51 million; Proceeds from sale of land = P95 million; Gain from the sale of land = P50 million; Investment revenue received = P72 million; Cash paid to acquire office equipment = P85 million. In its statement of cash flows, the company should report net cash flows from investing activities of: a. P22 million outflows b. P50 million outflows c. P100 million inflows d. P28 million inflows
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