Martinez Corporation engaged in the following cash transactions during 2014. 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 used (provided) by financing activities.
Martinez Corporation engaged in the following cash transactions during 2014. 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 used (provided) by financing activities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Martinez Corporation engaged in the following cash transactions during 2014.
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 used (provided) by financing activities.
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