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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
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
Expert Solution
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