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During the current year, a business purchased shares of another company and paid cash of $500,000. Later in the year the company sold half of

During the current year, a business purchased shares of another company and paid cash of $500,000. Later in the year the company sold half of the shares purchased for $275,000 cash. Dividends collected on this investment were in the amount of $22,000 for the year. On the direct- method statement of cash flows, the entry/ entries that will appear in the operating activities will include Select answer from the options below a decrease in cash of $500,000 and an increase of $275,000. nothing. a decrease in cash of $500,000 and an increase of $297,000. a decrease in cash of $247,000

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