Doe company owns 46 million shares of stock of jane company, Ask an Expert

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Doe company owns 46 million shares of stock of Jane company classified as available for sale. During 2010, the fair value of those shares increased by $24 million. What effect did this increase have on Moons 2010 statement of cash flows?

a. cash from operating activities increased.

b. cash from investing activities increased

c. cash from financing activities increased

d. no effect

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