Required Information [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Incorporated collected the following information: Payment for the early extinguishments of long-term notes (book value: $50.0 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year Insurance policy Collection of note receivable with interest (principal amount, $15) Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $ 54.0 192.0 126.0 2.4 9.6 14.0 9.0 9.0 5.0 7.0 17.0 40.0 37.0 2. In D-Krug's statement of cash flows, what were net cash Inflows (or outflows) from financing activities for 2024? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e.. 5,500,000 should be entered as 5.5). Answer is complete but not entirely correct. Cash Flows from Financing Activities: Repayment of long-term notes Sale of common shares Retirement of common shares Issuance of short-term note payable for cash Distribution of cash dividends Net cash inflows (outflows) from financing activities ($ in millions) S 0.0 0.0 0.0 0.0 0.0☑ 0.0
Required Information [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Incorporated collected the following information: Payment for the early extinguishments of long-term notes (book value: $50.0 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year Insurance policy Collection of note receivable with interest (principal amount, $15) Declaration of cash dividends Distribution of cash dividends declared in 2023 ($ in millions) $ 54.0 192.0 126.0 2.4 9.6 14.0 9.0 9.0 5.0 7.0 17.0 40.0 37.0 2. In D-Krug's statement of cash flows, what were net cash Inflows (or outflows) from financing activities for 2024? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (l.e.. 5,500,000 should be entered as 5.5). Answer is complete but not entirely correct. Cash Flows from Financing Activities: Repayment of long-term notes Sale of common shares Retirement of common shares Issuance of short-term note payable for cash Distribution of cash dividends Net cash inflows (outflows) from financing activities ($ in millions) S 0.0 0.0 0.0 0.0 0.0☑ 0.0
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.2AP
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