Determine martinezs free cash flow assuming that it, Ask an Expert

Accounting

Martinez Corporation engaged in the following cash transactions during 2010.

Sale of land and building $191,000
Purchase of treasury stock 40,000
Purchase of land 37,000
Payment of cash dividend 95,000
Purchase of equipment 53,000
Issuance of common stock 147,000
Retirement of bonds 100,000

Determine Martinez's free cash flow, assuming that it reported net cash provided by operating activities of $400,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M984124

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