Question

Selected information from Green Co.'s accounting records and financial statements is as follows:

Gain an sale of 1 Proceeds fron sales to custoners and s 12,802 21,s0a Purchase of Black, Inc. bonds (face amount $205,) 367,a0 Amortization of bond discount Cash dividends declared Cash dividends paid 4,800 98,000 72,800 157,600 Proceeds from sales of Green Co. comon stock
What are the net cash flows from financing activities that will be reported in the statement of cash flows? (Enter net cesh outflows with a minus sign.)

Answer 1

$84, 200

Step-by-step explanation:

Calculation for the net cash flows from financing activities that will be reported in the statement of cash flows

Using this formula

Net cash flows =Common stock Proceeds from sales - Cash dividends paid

Let plug in the formula

Net cash flows = 157,000-72,800

Net cash flows =$84, 200

Therefore the net cash flows from financing activities that will be reported in the statement of cash flows is $84, 200