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Investing and Financing Cash Flows The following information was obtained from Melville Company's comparative balance sheet. Assume that Melville Company's income statement showed depreciation expense
Investing and Financing Cash Flows The following information was obtained from Melville Company's comparative balance sheet. Assume that Melville Company's income statement showed depreciation expense of $10,000, a gain on sale of investments of $7,000, and a net income of $60,000. paid cash dividends. What items and amounts will appear in (a) the cash flow from investing activities and (b) the cash flow from financing activities sections of a statement of cash flows? Use a negative sign with cash outflow answers. Assume that Melville Company's income statement showed depreciation expense of $10,000, a gain on sale of investments of $7,000, and a net income of $60,000. oaid cash dividends. What items and amounts will appear in (a) the cash flow from investing activities and (b) the cash flow from financing activities sections of a statement of cash flows? Use a negative sign with cash outflow answers
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