Assignment 4.pdf - Assignment Print View Score 25\/25 Points 100[The following information applies to the questions displayed below In preparation for

Assignment 4.pdf - Assignment Print View Score 25/25...

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6/9/2020 Assignment Print View ;1/3[The following information applies to the questions displayed below.]In preparation for developing its statement of cash flows for the year ended December 31, 2021, MillenniumSolutions, Inc. collected the following information:($ in millions)Payment for the early extinguishments oflong-term notes (book value: $83.0 million)$87.0Sale of common shares236.0Retirement of common shares137.0Loss on sale of equipment3.5Proceeds from sale of equipment14.0Issuance of short-term note payable for cash25.0Acquisition of building for cash14.5Purchase of marketable securities (not a cash equivalent)20.0Purchase of marketable securities (considered a cash equivalent)16.0Cash payment for 3-year insurance policy18.0Collection of note receivable with interest (principal amount, $26)28.0Declaration of cash dividends62.0Distribution of cash dividends declared in 202059.0 Score: 25/25 Points 100 %
6/9/2020 Assignment Print View ;

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