Van Patten, Inc., made two purchases during September. One was a $25,000 certificate of deposit that matures

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Van Patten, Inc., made two purchases during September. One was a $25,000 certificate of deposit that matures in 90 days. The other was a $50,000 investment in Microsoft common stock that will be held indefinitely.

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How should each of these transactions be treated on the statement of cash flows?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

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