You are reviewing the financial statements of Rising Yeast Co. During 2014, Rising Yeast purchased two other companies for $17 million. Also during fiscal 2014, Rising Yeast made capital expenditures of $2 million to expand its market share. During the year, the company sold operations, receiving cash of $25 million, and experienced a gain of $6 million on the disposal. Overall, Rising Yeast reported net income of $1 million during 2014. What would you expect the section for cash flows from investing activities on its statement of cash flows for 2014 to report? What total amount for net cash provided by (used in) investing activities do you anticipate?
You are reviewing the financial statements of Rising Yeast Co. During 2014, Rising Yeast purchased..
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