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Can someone help me with these two accounting questions? I'm confused?

  
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Can someone help me with these two accounting questions? I'm confused?

Postby avikar76 » Wed Aug 01, 2012 6:01 am

1.
Creative Sound Systems sold investments, land, and its own common stock for $29.9 million, $14.9 million, and $40.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.4 million, $24.2 million, and $12.4 million, respectively.

What amount should the company report as net cash flows from investing activities? (Enter your answer in millions rounded to 1 decimal place. Omit the "$" sign in your response.)



2.
Creative Sound Systems sold investments, land, and its own common stock for $29.5 million, $15.6 million, and $39.7 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.2 million, $25.3 million, and $12.3 million, respectively.

What amount should Creative Sound Systems report as net cash flows from financing activities? (Enter your answer in millions rounded to 1 decimal place. Omit the "$" sign in your response.)



I tried answering it couple times but I can't seem to get it right. Can someone please help me? Thank you so much.
avikar76
 
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