Martinez Corporation engaged in the following cash transactions during 2012. Sale of Land and Building…………………. $191,000 Purchase of Land…………………………… 37,000 Payment of Cash Dividend………………… 95,000 Purchase of Equipment……………………. 53,000 Issuance of Common Stock……………….. 247,000 Retirement of Bonds………………………. 100,000 Payment of Interest on Long-term Debt. 12,000 Receipt of Cash Dividends……………… 15,000 What are the cash flows from financing activities of Martinez Corporation?

$40,000

Explanation:

Cash flow from financing activities;          Amount in $

Issuance of common stock                       247,000

Retirement of bonds                                (100,000)  

Payment of interest on debt                   (12,000)

Cash dividend paid                                 (95,000)

Net cash flows                                          40,000    

Dividends received are shown in operating cash flows where as capital assets are shown in investing activities.

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