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The following information pertains to Botter Supply Co. for Year 1: Purchased $104,800 of marketable investment securities. Earned $5,600 of cash investment revenue. Sold for
The following information pertains to Botter Supply Co. for Year 1:
- Purchased $104,800 of marketable investment securities.
- Earned $5,600 of cash investment revenue.
- Sold for $26,800 securities that cost $24,924.
- The fair value of the remaining securities at December 31, Year 1, was $91,200.
b. What is the amount of net income under each of the three classifications?
Net Income | |
Held-to-Maturity | |
Trading | |
Available-for-Sale |
C. What is the change in cash from operating activities under each of the three classifications? (List any cash outflows with a minus sign.)
|
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