1. A company's activities for the year ended December 31, 2021 included the following: Sold an...
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Question:
1. A company's activities for the year ended December 31, 2021 included the following:
• Sold an investment at FVPL for $10,000. The investment was held for trading purposes. The book value was $15,000.
• Sold an Investment at FVOCI for $10,000. The original cost was $5,000.
Using the indirect method, how much would be presented as cash flow from operating activities?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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