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

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 $) $$\begin{array} { | l | r | } \hline \text { Acquisitions and investments in unconsolidated affiliates } & \$ 64 \\\hline \text { Sales of property, plant, and equipment } & 38 \\\hline \text { Investee equity income, and gains on sale of equipment } & 207 \\\hline \text { Short-term investments, purchases } & 44 \\\hline \text { Short-term investments, sales } & 38 \\\hline\end{array}$$