Question: Refer to the situation described in BE11-8. What amount should Creative Sound Systems report as net cash flows from financing activities?
BE11-8: Creative Sound Systems sold investments, land, and its own common stock for $30 million, $15 million, and $40 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21 million, $25 million, and $12 million, respectively. What amount should the company report as net cash flows from investing activities?