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:

Segment Revenues

The income generated from one specific segment of a business, reflecting the financial performance of that segment.

Segment Expenses

Costs directly incurred by a specific business segment or division of a company, used in performance evaluation and resource allocation within diversified operations.

Revenue Test

A criterion or standard used to evaluate whether the revenue generated from a business activity is significant or meets certain thresholds.

Disaggregation

The process of breaking down reported data into more detailed components to provide a deeper understanding or insight into the data set.