Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. in preparing its cash flow statement for the year

In preparing its cash flow statement for the year ended December 31, 2022, Reyes Co....

70.2K

Verified Solution

Question

Accounting

In preparing its cash flow statement for the year ended December 31, 2022, Reyes Co. gathered the following data:

Gain on sale of land $ 12,200
Proceeds from sale of land 21,200
Purchase of Diamond, Inc., bonds (face value $220,000) 370,000
Amortization of bond discount 4,800
Cash dividends declared 99,000
Cash dividends paid 75,000
Proceeds from sales of Reyes Co. common stock 159,000

In its December 31, 2022, statement of cash flows, what amount should Green report as net cash from financing activities?

Multiple Choice

  • $150,000.

  • $24,000.

  • $84,000.

  • $60,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. If an adult man sustained an injury to the anterior pituitary resulting in decreased secretion...

Medical Sciences
Q

Alcorn Service Company was formed on January 1, 2018. Events Affecting the 2018 Accounting Period Acquired $72,000...

Accounting
Q

Antigenic shifts in viruses are dangerous because O They always increase the rate of transmission...

Biology
Q

Fluorescence recovery after photobleaching has been used to study a lipid rafts in membranes O...

Biology
Q

4 If solid iron is dropped into liquid iron will the solid iron float or...

Biology
Q

The current density Jinside a long solid cylindrical wire of radius a 5 30 mm...

Physics
Q

Evaluate the trig integral from Part 1 and then substitute back to get the final...

Calculus
Q

Is this a function Domain Range 1 BE 3 5

Algebra
Q

9 Find the distance t between a fingerprint and a magnifying glass if you can...

Algebra
Q

Hello, Help me fix all the answers in the Red!! More specifically the numerical values...

Accounting
Q

Purchase Price: 7,000,000 Demolition of Old Building: 500,000 Proceeds from sale of salvage...

Accounting
Q

Examine three differences between risk and risk aversion of your company. Explain which financial data...

Accounting