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 Company’s T account for long-term available-for-sale investments at the end of 2014 follows.
In addition, Wilma’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.
Transcribed Image Text:
Investments Dr Cr. 76,000 Sales of Investments Beg. Bal Purchases of Investments End. Bal. 78,000 116,000 114,000
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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