FBR Company's T account for long-term available-for-sale investments at the end of 20x3 is as follows: Investments
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FBR Company's T account for long-term available-for-sale investments at the end of 20x3 is as follows:
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Investments Beg. Bal. Purchases 38,000 Sales 58,000 39,000 End Bal. 57,000 In addition, FBR's income statement shows a loss on the sale of investments of $6,500. Compute the amounts to be shown as cash flows from investing activities and show how they are to appear in the statement of cash flows.
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