Question: In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data: Gain on sale of land $
In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data:
| Gain on sale of land | $ | 12,600 | |
| Proceeds from sale of land | 21,500 | ||
| Purchase of Black, Inc., bonds (face value $210,000) | 362,000 | ||
| Amortization of bond discount | 4,100 | ||
| Cash dividends declared | 94,000 | ||
| Cash dividends paid | 75,000 | ||
| Proceeds from sales of Green Co. common stock | 152,000 | ||
In its December 31, 2018, statement of cash flows, what amount should Green report as net cash from financing activities?
Multiple Choice
$58,000.
$19,000.
$152,000.
$77,000.
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