Selected information from green co.'s accounting records and financial statements is as follows: gain on sale of land $ 12,000 proceeds from sales to customers 21,800 purchase of black, inc. bonds (face amount $205,000) 367,000 amortization of bond discount 4,800 cash dividends declared 98,000 cash dividends paid 72,000 proceeds from sales of green co. common stock 157,000 what are the net cash flows from financing activities that will be reported in the statement of cash flows? (enter net cash outflows with a minus sign.)

Example1 lcnrv: ted company uses the lower of cost or nrv method in valuing its inventory items. the inventory at december 31, 2017, consists of products a, b and c, each having 1,000 units. relevant unit data for these products appear below: item a item b item c cost $ 80 $80 $80 estimated selling price 180 100 90 estimated selling cost 30 30 30 required: using the lower of cost or net realizable value rule, determine the proper value of inventory for balance sheet reporting purposes at december 31, 2017. prepare any necessary journal entry. apply the lower of cost or nrv method: • on an individual inventory basis; • on a group basis; • on a total inventory basis. solution worksheet: inventory (on an individual basis): inventory value item nrv cost lc- item a item b item c total inventory (on a group basis): inventory value item nrv cost lc- group 1 (item a and b) group 2 (item c) total inventory (on an aggregate inventory basis): inventory value item nrv cost lc- total inv