During 2016, Katie Company's long-term investments account (at cost) decreased $28,000, which was the net result of purchasing stock costing $204,000 and selling stocks costing $232,000 at a $24,000 loss. Katie's notes payable account decreased $44,000, the net result of issuing $96,000 of notes and paying $140,000 during year on notes. .
What items and amounts appear in the:
a. Cash flows from investing activities
b. Cash flows from financing activities sections of Katie Company's 2016 statement of cash flows

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The Answer of During 2016, Katie Company's long-term investments account (at cost) decreased $28,000, which was the net result of purchasing stock costing $204,000 and selling stocks costing $232,000 at a $24,000 loss. Katie's notes payable account decreased $44,000, the net result of issuing $96,000 of notes and paying $140,000 during year on notes. .
What items and amounts appear in the:
a. Cash flows from investing activities
b. Cash flows from financing activities sections of Katie Company's 2016 statement of cash flows

During 2016, Katie Company's Long-Term Investments Account (At Cost) Decreased