Question

In: Accounting

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).)

Solutions

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)


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