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

Answer 1

$101,000

Step-by-step explanation:

Computation of the net cash provided by investing activities

Sale of land and building

$191,000

Purchase of land

($37,000)

Purchase of equipment

($53,000)

Net cash flow from investing activities

$101,000