In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data:Gain on sale of land$ 12,20021,300Proceeds from sale of landPurchase of Black, Inc., bonds (face value$235,000)Amortization of bond discount365,0004,50093,00078,000Cash dividends declaredCash dividends paidProceeds from sales of Green Co. common stock155,000In its December 31, 2021, statement of cash flows, what amount should Green report as net cash from financing activities?Multiple Choice$15,000.$77,000.$62,000.$130,000.

Name: In preparing its cash flow statement for the year ended December 31,
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Description: In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data:Gain on sale of land$ 12,20021,300Proceeds from sale of landPurchase of Black, Inc., bonds (face value$235,000)Amortization of bond disc

The cash flow statement shows the short-term liquidity position of one company.

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In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Black, Inc., bonds (face value $235,000) Amortization of bond discount $ 12,200 21,300 365,000 4,500 93,000 78,000 155,000 Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. common stock In its December 31, 2021, statement of cash flows, what amount should Green report as net cash from financing activities? Multiple Choice $15,000. $77,000. $62,000. $130,000.

In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Black, Inc., bonds (face value $235,000) Amortization of bond discount $ 12,200 21,300 365,000 4,500 93,000 78,000 155,000 Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. common stock In its December 31, 2021, statement of cash flows, what amount should Green report as net cash from financing activities? Multiple Choice $15,000. $77,000. $62,000. $130,000.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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