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Given:

balance Jan1.........$290,000
Debit entries.........$125,000
Credit entries.......($140,000)
Balance, Dec 31.....=$275,000

In addition the company's income statement includes a 35,000 loss on sales of marketable securities. None of the company's marketable securities are considered a cash equivalent.

Compute the amounts that should appear in the statement of cash flows.

a. purchases of marketable securities.

b. Proceeds from sales of marketable securities.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M940155

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