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PLEASE HELP!!!! The following transactions occurred during the year for LMN Corporation: During the year, trading debt securities were purchased for $50,000. During the year,
PLEASE HELP!!!!
The following transactions occurred during the year for LMN Corporation: During the year, trading debt securities were purchased for $50,000. During the year, available-for-sale debt securities were purchased for $180,000 During the year, trading debt securities that are carried on the balance sheet at their fair value of $125,000 were sold for $125,000 cash. At the end of the year, the trading debt securities portfolio has an aggregate market value of $142,000 and an aggregate cost of $150,000. At the end of the year the available-for-sale debt securities purchased in b. have an aggregate market value of $95,000. . b. . d. . Required: Using a complete and grammatically correct sentence for each answer (i.e., for a, b, c d and e, respectively), indicate how each of these transactions would affect an indirect- method statement of cash flows. Each transaction is assumed to be independent of the other transactions. Answers: . b. C. dStep by Step Solution
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