Question

33 In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: ($ in millions) 6.3 50.3 يبي points يا نبي (8 02:28:59 Purchase of treasury bills (considered a cash equivalent) Sale of preferred stock Gain on sale of land Proceeds from sale of land Issuance of bonds payable for cash Purchase of equipment for cash Purchase of GE stock Declaration of cash dividends Payment of cash dividends declared in previous year Purchase of treasury stock Payment for the early extinguishment of long-term notes (carrying (book) value: $ 100 million) N w оовол оол w w w يا أية نية يا أية 110.3 Required: 1. Prepare the investing activities section of D-Rose's statement of cash flows. 2. Prepare the financing activities section of D-Rose's statement of cash flows. (For all requirements, list any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) million million

Answer 1

Solution ' Preparation of Investing achushes section D-Rose's Statement of cash-flow: It in millien [4 in Million particulare Amount Amount proceeds from sale of land 25.30 Punchase of Equipment for cash 30.30 Purchase of GE stock 35 30 Net cash flow from Investing Activities : $90.90 (2) preparation of financing activihes secken D-Rose's statement of cash-flow: [t in million] [sin million] particulars Amount Sale of preferred stock Issuance of Bond Payable for cash 140.30 Payment of cash dividiends declared in previous year (130-30) purchase of Treasury stock (120-30) payment for early extinguishment of long term notes (110:30) Amount 150-30 ($70-30)