Wilma Companys T account for long-term available-for-sale investments at the end of 2014 follows. In addition, Wilmas

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Wilma Companyâ€™s T account for long-term available-for-sale investments at the end of 2014 follows.

In addition, Wilmaâ€™s income statement shows a loss on the sale of investments of $13,000. Compute the amounts to be shown as cash flows from investing activities, and show how they appear in the statement of cashflows.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Question Posted: Mar 26, 2014 09:13 AM

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Wilma Companys T account for long-term available-for-sale investments at the end of 2014 follows. In addition, Wilmas

Question:

Investments Dr Cr. 76,000 Sales of Investments Beg. Bal Purchases of Investments End. Bal. 78,000 116,000 114,000

Step by Step Answer:

Cash flows from investing activities Purchases of invest...View the full answer

Principles of Accounting

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