Problemin preparing its cash flow statement for the year, Ask an Expert

Finance

Problem:

In preparing its cash flow statement for the year ended December 31, 2013, Red Co. gathered the following data:

Gain on sale of land	$ 12,900
Proceeds from sale of land	22,000
Purchase of Blue, Inc. bonds (face value $214,000)	356,000
Amortization of bond discount	5,000
Cash dividends declared	100,000
Cash dividends paid	72,000
Proceeds from sales of common stock	160,000

Required:

Question: In its December 31, 2013, statement of cash flows, what amount should Red report as net cash outflows from investing activities?

A) $192,000.

B) $321,100.

C) $378,000.

D) $334,000.

Note: Provide support for your rationale.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91163620

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