Business, 29.03.2021 21:00 ocean11618
In preparation for developing its statement of cash flows for the year ended December 31, 2021, 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 2020 60.7 Required: 1. Prepare the investing activities section of Millennium's statement of cash flows for 2021. 2. Prepare the financing activities section of Millennium's statement of cash flows for 2021.
Answers: 1
Business, 22.06.2019 07:30
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Business, 22.06.2019 11:20
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Business, 22.06.2019 14:20
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In preparation for developing its statement of cash flows for the year ended December 31, 2021, Mill...
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