Mobile Video Systems sold land,investments,and issued their own common stock for $10 million,$15 million,and $20 million,respectively.Mobile Video also purchased treasury stock,equipment,and a patent for $2 million,$4 million,and $6 million,respectively.What amount should the company report as net cash flows from investing activities? What amount should the company report as net cash flows from financing activities?

Question

Quizplus · Accepted Answer

The Answer of Mobile Video Systems sold land,investments,and issued their own common stock for $10 million,$15 million,and $20 million,respectively.Mobile Video also purchased treasury stock,equipment,and a patent for $2 million,$4 million,and $6 million,respectively.What amount should the company report as net cash flows from investing activities? What amount should the company report as net cash flows from financing activities?

Mobile Video Systems Sold Land,investments,and Issued Their Own Common Stock