E4-39

Compute the cash dividends paid in 2014. c. Analyzing Investing and Financing Cash Flows During 2016, Paxon Corporation's long-term investmes account (at cost) increased $15,000 which was the net result of purchasing stocks costing $80,000 and selling stocks costing $65,000 at a $6,000 loss. Also, its bonds payable account decreased S10,000, the net result of issuing $130,000 of bonds and retiring bonds with a book value of $140,000 at a $9,000 gain. What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financ ing activities sections of its 2016 statement of cash flows? L04 E439. L04 E4-40. Reconciling Changes in Balance Sheet Accounts