Green Co. had the following equity transactions at December 31:Cash proceeds from sale of investment in Blue Co. (carrying value - $60,000) $75,000Dividends received on Grey Co. stock 10,500Common stock purchased from Brown Co. 38,000What amount should Green recognize as net cash from investing activities in its statement of cash flows at December 31 under U. S. GAAP? a. $37,000b. $47,500c. $75,000d. $85,500
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Home » Business » Green Co. had the following equity transactions at December 31:Cash proceeds from sale of investment in Blue Co. (carrying value - $60,000) $75,000Dividends received on Grey Co. stock 10,500Common stock purchased from Brown Co.