Question: ASAP In preparing its cash flow statement for the year ended December 31, 2021, Raintree Cosmetic Co gathered the following data: Gain on sale of
In preparing its cash flow statement for the year ended December 31, 2021, Raintree Cosmetic Co gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $216,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock $ 12,700 23,500 358,800 4,200 96,800 78,090 158,000 in its December 31, 2021, statement of cash flows, what amount should Raintree report as net cash outflows from investing activities? Multiple Choice 5192.500
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