subject
Business, 19.05.2020 18:09 rakanmadi87

In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. collected the following information: ($ in millions) Payment for the early extinguishment of long-term notes (book value: $100 million) $ 108.7 Sale of common shares 352.7 Retirement of common shares 244.7 Loss on sale of equipment 4.7 Proceeds from sale of equipment 16.7 Issuance of short-term note payable for cash 20.7 Acquisition of building for cash 14.7 Purchase of marketable securities (not a cash equivalent) 10.7 Purchase of marketable securities (considered a cash equivalent) 2.7 Cash payment for 3-year insurance policy 6.7 Collection of note receivable with interest (principal amount, $22) 26.7 Declaration of cash dividends 66.7 Distribution of cash dividends declared in 2017 60.7 Required: 1. Prepare the investing activities section of Millennium's statement of cash flows for 2018. 2. Prepare the financing activities section of Millennium's statement of cash flows for 2018.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:00
The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)
Answers: 3
question
Business, 21.06.2019 21:00
Do you think a travel organization company might be able to get less expensive airline tickets then you as an individual could get? (no less then 25 words)
Answers: 1
question
Business, 22.06.2019 03:00
What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real
Answers: 3
question
Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
You know the right answer?
In preparation for developing its statement of cash flows for the year ended December 31, 2018, Mill...
Questions
question
Mathematics, 02.03.2020 20:35