Required information
The following information applies to the questions displayed below.
In preparation for developing its statement of cash flows for the year ended December Rapid Pac, Inc., collected
the following information:
Fair value of shares issued in a stock dividend
Payment for the early extinguishment of
longterm bonds book value: $ million
Proceeds from the sale of treasury stock cost: $ million
Gain on sale of land
Proceeds from sale of land
Purchase of Microsoft common stock
Declaration of cash dividends
Distribution of cash dividends declared in
$ in millions
$
Required:
In Rapid Pac's statement of cash flows, what were net cash inflows or outflows from investing activities for Amounts to be
deducted should be indicated with a minus sign. Enter your answers in millions rounded to decimal place ie should
be entered as
