Creative sound systems sold investments land and its own

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Reference no: EM13613703

Creative Sound Systems sold investments, land, and its own common stock for $30 million, $15 million, and $40 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21 million, $25 million, and $12 million, respectively.

A) What amount should the company report as net cash flows from investing activities?

B) What amount should Creative Sound Systems report as net cash flows from financing activities?

Reference no: EM13613703

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