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plz show calculation During the current year, Bradford Company purchased some af the 80,000 shares of common stack, par $7, of Hall, Inc., as a
plz show calculation
During the current year, Bradford Company purchased some af the 80,000 shares of common stack, par $7, of Hall, Inc., as a long-term investment. The annual accounting periad for each company ends December 31. The following transactions occurred during the current year: Jan. 7 Purchased 36,000 shares of Hall stock at $34 per share. Dec. 31 a. Reoeived the current year financial statements of Hall, which reported net income of $215,000. b. Hall declared and paid a cash dividend of $1.80 per share c. Determined that the current market price of Hall stock was S45 per share Required: Indicate how the Operating Activities and Investing Activities sections of the cash fow statement (indirect method) will be affected by each transaction. (Cash outflows should be indicated by a minus sign.) BRADFORD COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, Current Year Operating activilies: Investing activitiesStep by Step Solution
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