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Question 5 Not complete Marked out of 3.33 Flag question Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at

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Question 5 Not complete Marked out of 3.33 Flag question Investing and Financing Cash Flows During the year, Paxon Corporation's Long-Term Investments account (at cost) increased $22,500, the net result of purchasing stocks costing $120,000 and selling stocks costing $97,500 at a $9,000 loss. Also, the Bonds Payable account decreased by $60,000, the net result of issuing $150,000 of bonds at 99 and retiring bonds with a face value (and book value) of $210,000 at a $13,500 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 Investing Financing Check Items Increases (Decreases) $ 0 $ $ $ 000

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