Homework answers / question archive / In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: ($ in millions) Purchase of treasury bills (considered a cash equivalent) 6

In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: ($ in millions) Purchase of treasury bills (considered a cash equivalent) 6

Accounting

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In preparation for developing its statement of cash flows for the

year just ended, D-Rose Distributors collected the following

information:

($ in millions)

Purchase of treasury bills (considered a cash equivalent)

6.7

Sale of preferred stock

150.7

Gain on sale of land

4.7

Proceeds from sale of land

25.7

Issuance of bonds payable for cash

140.7

Purchase of equipment for cash

30.7

Purchase of GE stock

35.7

Declaration of cash dividends

134.7

Payment of cash dividends declared in previous year

130.7

Purchase of treasury stock

120.7

Payment for the early extinguishment of

long-term notes (carrying (book) value: $100 million)

110.7

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