What amount should green report as net cash from financing

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Reference no: EM132950904

In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data:

Gain on sale of land$12,400

Proceeds from sale of land 21,300

Purchase of Black, Inc., bonds (face value $220,000) 361,000

Amortization of bond discount 4,000

Cash dividends declared 93,000

Cash dividends paid 73,000

Proceeds from sales of Green Co. common stock 159,000

Problem 1: In its December 31, 2021, statement of cash flows, what amount should Green report as net cash from financing activities?

Multiple Choice

Option 1: $86,000.

Option 2: $20,000.

Option 3: $141,000.

Option 4: $66,000.

Reference no: EM132950904

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