LMN Company's T account for long-term available-for-sale investments at the end of 20x7 is as follows: In

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LMN Company's T account for long-term available-for-sale investments at the end of 20x7 is as follows:

In addition, LMN Company'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 are to appear in the statement of cash flows.

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Principles of Accounting

ISBN: 978-0618736614

10th edition

Authors: Belverd Needles, Marian Powers, Susan Crosson

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Question Posted: Aug 01, 2016 01:07 PM

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LMN Company's T account for long-term available-for-sale investments at the end of 20x7 is as follows: In

Question:

INVESTMENTS Beg. Bal. 76,000Sales Purchases 116,000 es78,000 End. Ba 114,000

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Principles of Accounting

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