Question: In preparing its cash flow statement for the year ended December 31, 2018 Red Cohered the following data Gain on sale of land Proceeds from



In preparing its cash flow statement for the year ended December 31, 2018 Red Cohered the following data Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $200,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock $ 12,888 20,809 360,000 4,889 90,000 76,080 150,000 In its December 31, 2018, statement of cash flows, what amount should Red report as net cash outflows from Investing activities? Multiple Choice 0 $388.000. 0 $340.000 0 5352.000. 0 $375.000 During 2018, T Company engaged in the following activities: $ 48 220 Distribution of cash dividends declared in 2017 Fair value of shares issued in a stock dividend Payment to retire bonds Proceeds from the sale of treasury stock (cost: $52) 452 60 In T's statement of cash flows, what were net cash outflows from financing activities for 2018? Multiple Choice 0 0 0 When using the Indirect method to determine cash flows from operating activities, adjustments to net Income should not Indude: Multiple Choice An addition for amortization expense. O An addition for a gain. An addition for a loss. An addition for bond discount amortization When a transfer is made between cash and cash equivalents with no gain or loss, how is the transaction treated in the statement of cash flows? Mumple Choice o It is included as an investing activity. o It is included as an operating activity, o it is not reported o is included as a noncasn financing activity
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