Question: Using the data in E127, answer the following questions. Required: 1. On the current year cash flow statement, how would the investing section of the

Using the data in E12–7, answer the following questions.

Required:
1. On the current year cash flow statement, how would the investing section of the statement be affected by the preceding transactions?
2. On the current year cash flow statement (indirect method), how would the equity in the earnings of the affiliated company and the dividends from the affiliated company affect the operating section?
Explain the reasons for the effects.

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