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Accounting

Problem:

During 2012, Southeast Satellite Systems, Inc., purchased two other companies for $15 million. Also during 2012, Southeast made capital expenditures of $8 million to expand its market share. During the year, Southeast sold its North American operations, receiving cash of $13 million. Overall, Southeast reported a net income of $11 million during 2012.

Required:

Show what Southeast would report for cash flows from investing activities on its statement of cash flows for 2012. Report a total amount for net cash provided by (used in) investing activities.

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163870

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