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#25 In preparing its cash flow statement for the year ended December 31, 2021, Red Co. gathered the following data: Gain on sale of land
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In preparing its cash flow statement for the year ended December 31, 2021, Red Co. gathered the following data: Gain on sale of land Proceeds from sale of land Purchase of Blue, Inc., bonds (face value $200,000) Amortization of bond discount Cash dividends declared Cash dividends paid Proceeds from sales of Red Co. common stock $ 12,000 20,000 360,000 4,000 90,000 76,000 150,000 In its December 31, 2021, statement of cash flows, what amount should Red report as net cash outflows from investing activities? Multiple Choice $388,000. O $376,000. $352,000. O $340,000Step by Step Solution
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