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In preparation for developing its statement of cash flows for the year ended December Rapid Pac, Incorporated,
collected the following information:
$ in
millions
Fair value of shares issued in a stock dividend
Payment for the early extinguishment of longterm bonds book value: $
million
$
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 Rapid Pac's statement of cash flows, what were net cash inflows or outflows from financing activities for
Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to decimal place ie
should be entered as
