In: Accounting
Marin Inc. engaged in the following cash transactions during
2017.
Sale of land | $212,000 | |
Purchase of treasury stock | 13,000 | |
Issuance of common stock | 119,000 | |
Payment of cash dividends | 56,000 | |
Purchase of equipment | 97,000 | |
Retirement of bonds | 68,000 |
Determine the cash flow from investing activities for 2017.
(Show amounts that decrease cash flow with either a -
sign e.g. -15,000 or in parenthesis e.g.
(15,000).)
Figures within “( )” refer to cash paid or decrease in cash.
Sale of land |
$ 2,12,000.00 |
Purchase of equipment |
$ (97,000.00) |
Net Cash Flows from Investing Activities |
$ 1,15,000.00 |
Purchase of treasury stock |
$ (13,000.00) |
Issuance of common stock |
$ 1,19,000.00 |
Payment of cash dividends |
$ (56,000.00) |
Retirement of bonds |
$ (68,000.00) |