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Kermit Productions purchased $44,000 worth of stock in the Enterprise Company in 2017. In 2017, the stock was sold for $87,000. Which one of the
Kermit Productions purchased $44,000 worth of stock in the Enterprise Company in 2017. In 2017, the stock was sold for $87,000. Which one of the following is one effect of this transaction on the statement of cash flows if the indirect method is used during 2017
An addition of $43,000 in the investing activities section
A subtraction of $43,000 in the investing activities section
A subtraction from net income of $43,000 in the operating activities section
An addition to net income of $87,000 in the operating activities section
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