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2.00 points During the current year, Bradford Company purchased some of the 90,000 shares of common stock, par $8, of Hall, Inc., as a long-term
2.00 points During the current year, Bradford Company purchased some of the 90,000 shares of common stock, par $8, of Hall, Inc., as a long-term investment The annual accounting period for each company ends December 31. The following transactions occurred during the current year Jan. 7 Purchased 37,800 shares of Hall stock at $30 per share. Dec. 31 a. Received the current year financial statements of Hall, which reported net income of $222,000. b. Hall declared and paid a cash dividend of $1.80 per share c. Determined that the current market price of Hall stock was $41 per share. Required: Indicate how the Operating Activities and Investing Activities sections of the cash flow statement (indirect method) will be affected by each transaction. (Cash outflows should be indicated by a minus sign.) BRADFORD COMPANY Statement of Cash Flows (Partial) For the Yea Ended December 31, Current Year Operating activities: Investing activites
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