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The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets: Account Title Investment securities Machinery
The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets: Account Title Investment securities Machinery Land Year 2 Year 1 $104,800 $116,100 520,400 425,700 144,000 99,700 Other information drawn from the accounting records: 1. Delsey incurred a $1,090 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $4,650 (cost of $25,120 minus accumulated depreciation of $20,470) was sold. The income statement showed a gain on the s of machinery of $4,180. 3. Delsey did not sell land during the year. Exercise 12-10A Part a Required a. Compute the amount of cash flow associated with the sale of investment securities. Amount of cash flow
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