What amount should the company report as net cash flows


Problem

Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million, and $38.0 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.0 million, $24.0 million, and $11.0 million, respectively.

What amount should the company report as net cash flows from investing activities?

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Financial Accounting: What amount should the company report as net cash flows
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