During 2018, Paxon Corporation's long-term investments account (at cost) increased $ 15,000, which was the net result
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During 2018, Paxon Corporation's long-term investments account (at cost) increased $ 15,000, which was the net result of purchasing stocks costing $80,000 and selling stocks costing $65,000 at a $6,000 loss. Also, its bonds payable account decreased $ 10,000, the net result of issuing $ 130,000 of bonds and retiring bonds with a book value of $140,000 at a $9,000 gain. What items and amounts appear in the
(a) Cash flows from investing activities
(b) Cash flows from financing activities sections of its 2018 statement of cash flows?
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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