Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 5 - Balance Sheet and Statement of Cash Flows - Review and Practice - Brief Exercises - Page 239: BE5-14

Answer

Total Net Cash Used Sale of Land and building $191,000 Less: Purchase of land ($37,000) Less Purchase of equipment ($53,000) $90,000 Net Cash Provided by Investing Activities $101,000

Work Step by Step

Total Martinez Corporation Net Cash Provided by Investing Activities equal to= $101,000
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.