During 20X4, the Following Items Were Reported on the Mickey

question 73

Essay

During 20X4, the following items were reported on The Mickey Company's statement of cash flows in millions of dollars. For each item, identify the type of activity it is (operating, investing, financing) and the effect it would have on cash flows (added or deducted). (in millions $) $$\begin{array} { | l | r | } \hline \text { Equity in the income of investees } & \$ 372 \\\hline \text { Proceeds from the sale of investments } & 14 \\\hline \text { Purchases of investments } & 67 \\\hline\end{array}$$

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Definitions:

Consumer Behavior

The actions a person takes in purchasing and using products and services, including the mental and social processes that come before and after these actions.

Campbell Soup Company

An American processed food and snack company known for its iconic canned soups and related products.

Observational Data

Information collected through directly watching behaviors or phenomena, often used in qualitative research.

Customer Service

A support provided by a company to its customers before, during, and after purchasing and using goods or services.