CUD Company's T account for long-term available-for-sale investment at the end of 2010 is as follows: In

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CUD Company's T account for long-term available-for-sale investment at the end of 2010 is as follows:

In addition, CUD Company's income statement shows a loss on the sale of investments of $26,000. Compute the amounts to be shown as cash flows from investing activities, and show how they are to appear in the statement of cashflows.

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Principles Of Financial Accounting

ISBN: 9780538755160

11th Edition

Authors: Belverd E Needles, Marian Powers

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Question Posted: Feb 23, 2012 03:14 AM

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CUD Company's T account for long-term available-for-sale investment at the end of 2010 is as follows: In

Question:

Investments Dr. Cr. Beg. Bal. 152,000 Sales Purchases 232000 End. Bal. 228,000 156,000

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Cash flows from investing activities Purchase of investments 232000 a Sale of investm...View the full answer

Principles Of Financial Accounting

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