During 20X4, the Following Items Were Reported on Shoe Co's

question 85

Essay

During 20X4, the following items were reported on Shoe Co'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 statement (added or deducted). (in millions $) $$\begin{array} { | l | r | } \hline \text { Acquisitions and investments in unconsolidated affiliates } & \$ 64 \\\hline \text { Sales of property, plant, and equipment } & 38 \\\hline \text { Investee equity income, and gains on sale of equipment } & 207 \\\hline \text { Short-term investments, purchases } & 44 \\\hline \text { Short-term investments, sales } & 38 \\\hline\end{array}$$

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Definitions:

Insider-Trading Scheming

Insider-trading scheming involves the illegal practice of trading a public company's stock or other securities based on material, non-public information about the company.

Computer Program

A set of instructions written in a programming language that is executed by a computer to perform a specific task.

Justifiable Use

Circumstances under the law where actions, such as the use of force, are legally permissible due to their necessity in preventing harm or achieving a legitimate purpose.

Felony

A serious crime usually punishable by imprisonment for more than one year or by death.