Marin Inc. engaged in the following cash transactions during 2017. Sale of land $212,000 Purchase of...

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).)

Expert Solution

The Cash Flow From Investing activities are calculated below:

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

The followings are not considered because the following are included in Financing Activities section:

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)

ekkarill92 answered 2 years ago

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