Mobile Video Systems sold land, investments, and issued their own common stock for $11 million, $15 million, and $21 million, respectively. Mobile Video also purchased treasury stock, equipment, and a patent for $2 million, $2 million, and $5 million, respectively.
(a) What amount should the company report as net cash flows from investing activities? (Enter your answer in millions. Omit the "$" sign in your response.)
(b) What amount should the company report as net cash flows from financing activities? (Enter your answer in millions. Omit the "$" sign in your response.)

Explanation:

Investing activities are  defined as:

The acquisition and disposal of long  term assets and  other investments not included in  cash equivalents.

Cash flows from investing activities are those that involve  buying and selling long term assets. They reflect how  much of the entity’s cash was invested with the purpose  of generating future cash flows. An outflow must result ing an asset being recognised in the statement of financial  position, for it to be classified as an investing activity.

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

Cash received from disposals    

Cash received from disposal of Land          11

Cash received from disposal of Investment  15

investment in stock                                          -2

Purchased Equipment                                          -2

purchased Patents  -5

Net cash genrated from investing Acyivities  17

Financing activities result in:

Changes in size;  composition of the contributed  equity and borrowings of the entity.

Cash flows from financing activities are those that  involve the entity’s equity and borrowings. The net cash  flows from financing activities reflect to what extent third  parties may make claims on the cash resources of the  entity

B)amount should the company report as net cash flows from financing activities :

Issuance of Stock                                               21

Net cash genrated from Financing Acyivities       21

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