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Please help with this accounting question Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at cost) increased $21,000, the net
Please help with this accounting question
Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at cost) increased $21,000, the net result of purchasing stocks costing $112,000 and selling stocks costing $91,000 at a $8,400 loss, Also, the Bonds Payable account decreased by $56,000, the net result of issuing $140,000 of bonds at 104 and retiring bonds with a face value and book value) of $196,000 at a $12,600 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) Activity Section Items Increases (Decreases) Investing Cash received for sales of stock investments 82,600 Cash paid for purchase of stock investments vs (112,000) Financing Cash received from issuance of bonds S (183,400) x Cash paid to retire bonds $ (183,400) Step by Step Solution
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