During 2014, the Following Items Were Reported on the Mickey

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). $\begin{array}{ll}\text { Equity income of affiliates } & 48 \\\text { Proceeds from the sale of investments } & 14 \\\text { Purchases of investments } & 67 \\\text { Dividends received from equity investments } & 36\end{array}$