Q14BE.
Question
Martinez Corporation engaged in the following cash transactions during 2017.
Sale of land and building $191,000
Purchase of treasury stock 40,000
Purchase of land 37,000
Payment of cash dividend 95,000
Purchase of equipment 53,000
Issuance of common stock 147,000
Retirement of bonds 100,000
Compute the net cash provided (used) by investing activities.
Step-by-Step Solution
Verified Answer
The cash flow from investing activities is equal to $101,000.
1Definition of Investing activities
The cash flow statement reports all those activities as investing activities that include cash disbursement for purchase of a capital asset and cash receipt for sale of a capital asset.
2Cash from investing activities
Particular | Amount $ |
Sale of land and building | $191,000 |
Purchase of land | (37,000) |
Purchase of equipment | (53,000) |
Cash from investing activities | $101,000 |
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