In preparing its cash flow statement for the year ended December 31, 2016, Red C

Question

In preparing its cash flow statement for the year ended December 31, 2016, Red Co. gathered the folowing data: Galn on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $219,000) Amortization of bond discount Cash dividends declared Cash dividends pald $12,900 21.000 355,000 4,400 99,000 75,000 154,000 Proceeds from sales of Red Co. common stock mount should Red report as net cash outflows from In Its December 31, 2016, statement of cash flows, what a investing activities? O $376.000o. O $334,000 o $321,100 O s198.000.

Explanation / Answer

1) Calculate net cash outflow from investing activities :

so answer is b) $334000

2) Calculate net cash provided from operating activities :

so answer is d) $51000

3) Cash flow from financing activities :

so answer is c) $760

Cash flow from investing activities Proceeds from sale of land 21000 Purchase of bonds inc. (355000) Net cash flow from investing activites (334000)

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