Connect \\M Your question was answ?? \\ eConnectxWHour Que x-e Accounting questi

Question

Connect M Your question was answ?? eConnectxWHour Que x-e Accounting question ICX × CSecure https//newconnect.mheducation.com/flow/connect.html Ch. 21- Concept Overview Videos (47 minutes) 6 Help Save & Exit Submlt Saved Check my work 9 Required information 11.12 points Items that determine net income Book Knowledge Check 01 Selected information from Green Co's accounting records and financial statements is as follows: References Gain on sole of land Proceeds fron sales to custoners Purchase of Black, Inc. bonds (face amount $285,e00) Anortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. cormon stock 12,000 21,803 367,800 4,80 98,800 72,800 157,800 What are the net cash flows from financing activities that will be reported in the statement of cash flows? (Enter net cash outflows with a minus sign.) activities 8 57 PM A292018 2

Explanation / Answer

Net cash flows from financing activities Cash paid towards dividends -72000 Proceeds from sale of common stock 157000 Net cash flows from financing activities 85000

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