During 2019, Wards Company's long-term investments account (at cost) increased $14,000, which was the net result of purchasing stock costing $102,000 and selling stocks costing $120,000 at a $12,000 loss. Wards' notes payable account decreased $22,000, the net result of issuing $48,000 of notes and paying $70,000 during year on notes.
What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financing activities sections of Wards Company's 2019 statement of cash flows?

Question

During 2019, Wards Company's long-term investments account (at cost) increased $14,000, which was the net result of purchasing stock costing $102,000 and selling stocks costing $120,000 at a $12,000 loss. Wards' notes payable account decreased $22,000, the net result of issuing $48,000 of notes and paying $70,000 during year on notes. 
What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financing activities sections of Wards Company's 2019 statement of cash flows?

Quizplus · Accepted Answer

The Answer of During 2019, Wards Company's long-term investments account (at cost) increased $14,000, which was the net result of purchasing stock costing $102,000 and selling stocks costing $120,000 at a $12,000 loss. Wards' notes payable account decreased $22,000, the net result of issuing $48,000 of notes and paying $70,000 during year on notes. 
What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financing activities sections of Wards Company's 2019 statement of cash flows?

During 2019, Wards Company's Long-Term Investments Account (At Cost) Increased