Carter Containers sold marketable securities, land, and common stock for $30 million, $15 million, and $40 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $21 million, $25 million, and $12 million, respectively.
Required:
a- 1) What amount should Carter report as net cash from investing activities?
2) What amount should Carter report as net cash from financing activities
b) How would the acquisition of a building be reported on a statement of cash flows if purchased by issuing a mortgage note payable in addition to a significant cash down payment?
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Carter Containers sold marketable securities- land- and common stock f.docx
1. Carter Containers sold marketable securities, land, and common stock for $30 million, $15
million, and $40 million, respectively. Carter also purchased treasury stock, equipment, and a
patent for $21 million, $25 million, and $12 million, respectively.
Required:
a- 1) What amount should Carter report as net cash from investing activities?
2) What amount should Carter report as net cash from financing activities
b) How would the acquisition of a building be reported on a statement of cash flows if purchased
by issuing a mortgage note payable in addition to a significant cash down payment?
