During 2014, the Following Items Were Reported on the Mickey

question 86

Essay

During 2014, the following items were reported on The Mickey Company's statement of cash flows in millions of dollars.
Required:
For each item, identify the type of activity it is (operating, investing, financing) and the effect it would have on the statement of cash flows. The operating activities section is prepared using the indirect method. (Enter "+" if added or "-" if subtracted. You do not need to enter dollar amounts). $\begin{array}{ll}\text { Equity income of affiliates } & 48 \\\text { Proceeds from the sale of investments } & 14 \\\text { Purchases of investments } & 67 \\\text { Dividends received from equity investments } & 36\end{array}$

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Definitions:

Sample Size

The number of observations or elements within a sample, crucial for achieving accurate and reliable statistics.

Parameter

A numerical characteristic that describes and summarizes an aspect of a population in statistics.

Unbiased Estimator

A statistical estimator whose expected value is equal to the parameter being estimated, indicating accuracy across samples.

Expected Value

The long-run average value of repetitions of the same experiment or random process, calculated as the sum of all possible values weighted by their probabilities of occurrence.