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Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $60 million of 6% bonds, dated January 1, on January 1, 2018. Management intends to include
Fuzzy Monkey Technologies, Inc., purchased as a short-term investment $60 million of 6% bonds, dated January 1, on January 1, 2018. Management intends to include the investment in a short-term, For bonds of similar risk and maturity the market yield was 8%. The price paid for the bonds was, Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $50.
5. How would Fuzzy Monkey's 2018 statement of cash flows be affected by this investment? for operating cash flow and investing cash flow?
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