Net cash from financing activities


In preparing its cash flow statement for the year ended Dec.31, 2011, Doe Co. gathered the following data: gain on sale of land $12,500; Proceeds from sale of land $21,000; Purchase of Jane Inc. bonds (face value $225,000) for $364,000; Amortization of bond discount $4800; Cash Dividends declared $92,000; Cash dividends paid $75,000; Proceeds from sales of common stock(carrying value $135,000) for $160,000. In its Dec 31,2011, statement of cash flows, what amount should Doe report as net cash from financing activities?

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Accounting Basics: Net cash from financing activities
Reference No:- TGS058698

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