CUD Company's T account for long-term available-for-sale investment at the end of 2010 is as follows: In
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CUD Company's T account for long-term available-for-sale investment at the end of 2010 is as follows:
In addition, CUD Company'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 are to appear in the statement of cashflows.
Transcribed Image Text:
Investments Dr. Cr. Beg. Bal. 152,000 Sales Purchases 232000 End. Bal. 228,000 156,000
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