Question: Here is selected financial statement data regarding a company's balance sheet. Dec 31, 2018 Dec 31, 2017 Assets Investments, long-term $ 14,000,000 $ 10,000,000 Liabilities

Here is selected financial statement data regarding a company's balance sheet. Dec 31, 2018 Dec 31, 2017 Assets Investments, long-term $ 14,000,000 $ 10,000,000 Liabilities and Stockholders' Equity. Bonds payable $ 10,000,000 $ 4,000,000 Common stock Paid-in capital in excess of par value Retained earnings Total stockholders' equity 800.000 120,000 1,800,000 2,720,000 800,000 120,000 1.470,000 2,390,000 During the year, the company sold investments with an original cost of $2,000,000 for $2,400,000 In the statement of cash flows, the significant non-cash activities section should show a significant non-cash activity for $
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
