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Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at cost) increased $26,250, the net result of purchasing stocks costing $140,000
Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at cost) increased $26,250, the net result of purchasing stocks costing $140,000 and selling stocks costing $113,750 at a $10,500 loss. Also, the Bonds Payable account decreased by $70,000, the net result of issuing $175,000 of bonds at 105 and retiring bonds with a face value (and book value) of $245,000 at a $15,750 gain. In Paxon's statement of cash flows, what items and amounts will appear in the investing and financing activities sections? (Enter increases before decreases in each section.)
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