Yorkis Perez Corporation engaged in the following cash transactions during 2007. Sale of land and building $181,000

Question:

Yorkis Perez Corporation engaged in the following cash transactions during 2007. Sale of land and building $181,000 Purchase of treasury stock 40,000 Purchase of land 37,000 Payment of cash dividend 85,000 Purchase of equipment 53,000 Issuance of common stock 147,000 Retirement of bonds 100,000 Compute the net cash used (provided) by financing activities.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...