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wlad13 [49]
3 years ago
5

In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data: Gain on sale o

f land $ 12,100 Proceeds from sale of land 21,600 Purchase of Black, Inc., bonds (face value $200,000) 363,000 Amortization of bond discount 4,200 Cash dividends declared 92,000 Cash dividends paid 76,000 Proceeds from sales of Green Co. common stock 153,000 In its December 31, 2021, statement of cash flows, what amount should Green report as net cash from financing activities?
Business
1 answer:
vazorg [7]3 years ago
5 0

Answer:

$77,000

Explanation:

Data provided as per the question below:-

Proceeds from sale of common stock = $153,000

Cash dividends paid = $76,000

The computation of net cash from financing activities is given below:-

Cash inflow from Financing Activities =  Proceeds from sale of common stock - Cash dividends paid

= $153,000 - $76,000

= $77,000

Therefore for computing the net cash from financing activities we simply applied the above formula.

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Answer:

Supplier dependence

Explanation:

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It is very risky for an entity to depend on a particular source for input. This reverse order of an entity depending on the supplier for business strategy instead of the supplier depending on the entity is not a good business practice.

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3 years ago
In a​ ________ banking​ system, commercial banks engage in securities​ underwriting, but separate subsidiaries conduct the diffe
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8 0
3 years ago
The category that is generally considered to be the best measure of a company's ability to continue as a going concern is A. cas
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Answer:

D. cash flows from operating activities

Explanation:

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3 years ago
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4 years ago
On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year pe
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$3,000 and $9,000

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