In preparing its cash flow statement for the year ended Dec.31, 2011, Doe Co. gathered the following

Question:

In preparing its cash flow statement for the year ended Dec.31, 2011, Doe Co. gathered the following data: gain on sale of land $12,500; Proceeds from sale of land $21,000; Purchase of Jane Inc. bonds (face value $225,000) for $364,000; Amortization of bond discount $4800; Cash Dividends declared $92,000; Cash dividends paid $75,000; Proceeds from sales of common stock (carrying value $135,000) for $160,000. In its Dec 31, 2011, statement of cash flows, what amount should Doe report as net cash from financing activities?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...