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Hi can I have help on the attached 7 problems? There are about three multiple choice and 4 longer problems.Â
1.​ A
​ company reports the following information for Year 1:
Sale of Equipment $20,000 Issuance of the company’s bonds $10,000 Dividends paid $5,000 Purchase of stock of another company $2,000 Purchase of U.S. Treasury note $2,000 Income taxes paid $2,000 Interest income received $500 What is the company’s net cash flow from financing activities?
a.​ ​($9,000)
b.​ ​$5,000
c.​ ​$5,500
d.​ ​$15,000
2.​ ​Long Co. invested in marketable securities. At year-end, fair-value changes in this investment
were included in Long’s other comprehensive income. How would Long classify this investment?
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