5. Which of the following would not be a component of cash flows from investing activities?...
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5. Which of the following would not be a component of cash flows from investing activities? a. Sale of land b. Purchases of securities c. Purchases of equipment d. Dividends paid Moon Company owns 56 million shares of stock of Center Company classified as available for sale. During 2017, the fair value of the shares increased by $34 million. What effect did this increase have on Moon's 2017 statement of cash flows? 4 a. Cash from operating activities increased b. Cash from investing activities increased c. Cash from financing activities increased 5. Which of the following would not be a component of cash flows from investing activities? a. Sale of land b. Purchases of securities c. Purchases of equipment d. Dividends paid Moon Company owns 56 million shares of stock of Center Company classified as available for sale. During 2017, the fair value of the shares increased by $34 million. What effect did this increase have on Moon's 2017 statement of cash flows? 4 a. Cash from operating activities increased b. Cash from investing activities increased c. Cash from financing activities increased
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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