LMN Companys T account for long-term available-for-sale investments at the end of 20x7 is as follows: In
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LMN Company’s T account for long-term available-for-sale investments at the end of 20x7 is as follows:
In addition, LMN Company’s income statement shows a loss on the sale of investments of $13,000. 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.
Computing Cash Flows from Investing Activities: Plant Assets
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