Holmes Corporation reported the following information (in thousands) at December 31, 2018: Additional information: 1. Long-term investments

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Holmes Corporation reported the following information (in thousands) at December 31, 2018:
Holmes Corporation reported the following information (in thousands) at December

Additional information:
1. Long-term investments were purchased during the year; none were sold.
2. Equipment was purchased during the year. In addition, equipment with a cost of $100 and a carrying amount of $50 was sold at a gain of $10.
Prepare the investing activities section of Holmes's statement of cash flows for the year.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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