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1-Property dividends distributed are reported in connection with a statement of cash flows as: A financing activity. An investing activity. A noncash activity. 2-In preparing
1-Property dividends distributed are reported in connection with a statement of cash flows as:
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A financing activity.
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An investing activity.
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A noncash activity.
2-In preparing its cash flow statement for the year ended December 31, 2018, Red Co. gathered the following data:
Gain on sale of land | $ | 12,200 | |
Proceeds from sale of land | 24,000 | ||
Purchase of Blue, Inc., bonds (face value $214,000) | 352,000 | ||
Amortization of bond discount | 4,400 | ||
Cash dividends declared | 99,000 | ||
Cash dividends paid | 70,000 | ||
Proceeds from sales of Red Co. common stock | 158,000 | ||
In its December 31, 2018, statement of cash flows, what amount should Red report as net cash outflows from investing activities?
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Not reported in the statement of cash flows.
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