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An analysis of changes in selected balance sheet accounts of Gable Corporation shows the following for the current year: Marketable securities account: Debit entries $
An analysis of changes in selected balance sheet accounts of Gable Corporation shows the following for the current year:
Marketable securities account:
Debit entries $
Credit entries $
Plant and equipment accounts:
Debit entries to asset accounts $
Credit entries to asset accounts $
Debit entries to accumulated depreciation accounts
resulting from sales of plant assets $
Credit entries to accumulated depreciation accounts
representing depreciation for the current year $
The income statement for the current year included the following items relating to the transactions summarized above:
Gain on sales of marketable securities $
Loss on sales of plant assets
All payments and proceeds relating to these transactions were in cash.
Required:
Using this information, compute the following cash flows for the current year:
a Purchases of marketable securities $
b Proceeds from sales of marketable securities $
c Purchases of plant assets $
d Proceeds from sales of plant assets $
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