60.1K
Verified Solution
Link Copied!
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.
Answer & Explanation
Solved by verified expert
