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Analyzing Investing and Financing Cash Flows During 2013, Paxon Corporation's long-term investments account (at cost) increased $1, 500, which was the net result of purchasing

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Analyzing Investing and Financing Cash Flows During 2013, Paxon Corporation's long-term investments account (at cost) increased $1, 500, which was the net result of purchasing stocks costing $8,000 and selling stocks costing $6, 500 at a $600 loss. Also, its bonds payable account decreased $1,000, the net result of issuing $13,000 of bonds and retiring bonds with a book value of $14,000 at a $900 gain. What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financing activities sections of its 2013 statement of cash flows? Cash flows from investing activities will show: Purchase of stock investments $ b. Cash flows from financing activities will show: Issuance of bonds $

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