Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Martinez Corporation engaged in the following cash transactions during 2014. Sale of land and building $182,530 Purchase of treasury stock 41,580 Purchase of land 37,900

Martinez Corporation engaged in the following cash transactions during 2014.

Sale of land and building $182,530
Purchase of treasury stock 41,580
Purchase of land 37,900
Payment of cash dividend 89,590
Purchase of equipment 59,950
Issuance of common stock 153,490
Retirement of bonds 105,710

Compute the net cash used (provided) by financing activities.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Martinez Corporation Statement of Cash Flows( Partial) For the Year 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Purchase of LandPurchase of Treasury StockRetirement of BondsPurchase of EquipmentSale of Land and BuildingPayment of Cash DividendIssuance of Common Stock $
Issuance of Common StockPayment of Cash DividendPurchase of LandRetirement of BondsPurchase of EquipmentSale of Land and BuildingPurchase of Treasury Stock
Issuance of Common StockSale of Land and BuildingRetirement of BondsPurchase of Treasury StockPurchase of EquipmentPurchase of LandPayment of Cash Dividend
Sale of Land and BuildingIssuance of Common StockPurchase of LandPurchase of Treasury StockPurchase of EquipmentPayment of Cash DividendRetirement of Bonds
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Health Care Management

Authors: Sharon B. Buchbinder, Nancy H. Shanks

3rd Edition

128408101X, 9781284081015

Students also viewed these Accounting questions

Question

Explain all drawbacks of application procedure.

Answered: 1 week ago