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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 43
An analysis of the Marketable Securities control account of Fancher Products, Inc., shows the following entries during the year:
In addition, the company's income statement includes a $25,000 loss on sales of marketable securities.one of the company's marketable securities is considered a cash equivalent.
Compute the amounts that should appear in the statement of cash flows as:
a.urchases of marketable securities.
b.roceeds from sales of marketable securities.
In addition, the company's income statement includes a $25,000 loss on sales of marketable securities.one of the company's marketable securities is considered a cash equivalent.
Compute the amounts that should appear in the statement of cash flows as:
a.urchases of marketable securities.
b.roceeds from sales of marketable securities.
Explanation
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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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