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An analysis of the Marketable Securities control account of Fancher Products, Inc. shows the following entries during the year Balance, Jan. 1 Debit entries Credit
An analysis of the Marketable Securities control account of Fancher Products, Inc. shows the following entries during the year Balance, Jan. 1 Debit entries Credit entries Balance, Dec. 31 $ 300, eee 250,000 (130,000) $ 420,000 In addition, the company's income statement includes a $35,000 loss on sales of marketable securities. None of the company's marketable securities is considered a cash equivalent. Compute the amounts that should appear in the statement of cash flows as. Purchases of marketable securities b. Proceeds from sales of marketable securities
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