Question

1.

In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data: $12,900 Gain on sale of land Proceeds from sale of land 21,800 Purchase of Black, Inc., bonds (face value $230,000) 363,000 Amortization of bond discount 4,600 Cash dividends declared 98,000 Cash dividends paid 72,000 Proceeds from sales of Green Co. common stock 155,000 In its December 31, 2018, statement of cash flows, what amount should Green report as net cash from financing activities? Multiple Choice O$83,000. $133,000. O$26,000 $57,000.

2.

3.

Answer 1

Answers

• [1]

Cash dividend paid	($72,000)
Proceeds from sale of common stock	$155,000
Net Cash flow from financing activities	$83,000
Correct Answer	Option #1: $ 83000

• [2]

Dividends payable - Beginning	$360
Dividend declared	$12,600
Dividends payable - Ending	($600)
Dividend paid	$12,360
Correct Answer = Option #4: $ 12360

• [3]

Cash outflows - Investing activities
Cash paid to acquire Patient	$54
Cash paid to acquire Office equipment	$79
Total	$133
Correct Answer	Option #2: $ 133 millions