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Brief Exercise 5-13 Your answer is partially correct. Try again Culver Inc. shows on its statement of financial position as Investments accounted for as FV-Oct
Brief Exercise 5-13 Your answer is partially correct. Try again Culver Inc. shows on its statement of financial position as Investments accounted for as FV-Oct investments. At its year and of May 31, 2018, the balance in the FV-OCI Investments account was $94,500 and at its year end of May 31, 2019, the balance was $119,500 Oulver's statement of comprehensive income for the year ended May 31, 2019, shows an unrealized less from fair value adjustment on FV-OC Investments of $22,700. There were no sales of FV-OC Investments during the year, only purchases Determine the necessary caption and amount that should appear on Culver's statement of cash flows prepared using the Indirect method and determine the entry appear under the operating investing, or financing section of the statement. (Show amounts that decrease cash now with either any. -15,000 or in parenthesis g. (15,000).) Culver Inc. Statement of Cash Flow (Partial) Lovesting Activities 142200 Church of Fair Value Thru the Comprehen LINN TOTEM Question Attempt 1 of 3 used REPEAT QUESTION WITH NEW VALVES
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