In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data 24) Gain on sale of land Proceeds from sale of land Purchase of marketable securities Interest payments on long-term debt Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. common stock $ 12,000 20,000 360,000 4,000 90,000 76,000 150,000 In its December 31, 2018, statement of cash flows, what amount should Green report as net cash from financing activities (amounts presented below as "absolute value")? A) $60,000 B) $54,000. C) $74,000. D) $40,000.
In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data 24) Gain on sale of land Proceeds from sale of land Purchase of marketable securities Interest payments on long-term debt Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. common stock $ 12,000 20,000 360,000 4,000 90,000 76,000 150,000 In its December 31, 2018, statement of cash flows, what amount should Green report as net cash from financing activities (amounts presented below as "absolute value")? A) $60,000 B) $54,000. C) $74,000. D) $40,000.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 27BE
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In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data 24) Gain on sale of land Proceeds from sale of land Purchase of marketable securities Interest payments on long-term debt Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. common stock $ 12,000 20,000 360,000 4,000 90,000 76,000 150,000 In its December 31, 2018, statement of cash flows, what amount should Green report as net cash from financing activities (amounts presented below as "absolute value")? A) $60,000 B) $54,000. C) $74,000. D) $40,000.
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