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.
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