Question
Sahan Companys T account for long-term available-for-sale investments at the end of 2014 follow. In addition, Sahans income statement shows a loss on the sale
Sahan Company’s T account for long-term available-for-sale investments at the end of 2014 follow.
In addition, Sahan’s income statement shows a loss on the sale of investments of $26,000. Compute the amounts to be shown as cash flows from investing activities, and show how they appear in the statement of cash flows.
Investments Dr. Cr. 152,000 Sales of Investments Beg. Bal. Purchases of Investments 232,000 156,000 End. Bal. 228,000
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
