Sahan Companys T account for long-term available-for-sale investments at the end of 2014 follow. In addition, Sahans

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Sahan Company’s T account for long-term available-for-sale investments at the end of 2014 follow.

In addition, Sahan’s income statement shows a loss on the sale of investments of $26,000. Compute the amounts to be shown as cash flows from investing activities, and show how they appear in the statement of cash flows.

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Financial Accounting Tools for business decision making

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6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Jan 01, 2021 11:22 AM

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Sahan Companys T account for long-term available-for-sale investments at the end of 2014 follow. In addition, Sahans

Question:

Investments Dr. Cr. 152,000 Sales of Investments Beg. Bal. Purchases of Investments 232,000 156,000 End. Bal. 228,000 Investments Dr. Cr. 152,000 Sales of Investments Beg. Bal. Purchases of Investments 232,000 156,000 End. Bal. 228,000

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