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Category > Business & Finance Posted 14 May 2017 My Price 5.00

The following transactions occurred during the year

The following transactions occurred during the year for XYZ Corporation: (a.) During the year, trading securities were purchased for $250,000. (b.) During the year, securities available for sale were purchased for $80,000. (c.) During the year, trading securities that are carried on the balance sheet at their fair value of $125,000 were sold for $125,000 cash. (d.) At the end of the year, the trading securities portfolio has an aggregate market value of $142,000 and an aggregate cost of $150,000. Required: Indicate how each of these transactions would affect the statement of cash flows for a corporation. Assume the statement of cash flows is prepared using the indirect method. Each transaction is assumed to be independent of the other transactions

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Alpha Geek
(8)
Status NEW Posted 14 May 2017 02:05 PM My Price 5.00

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Attachments

file 1494773138-381640_1_636303226905914493_Cash-flows--securities-transactions.xlsx preview (155 words )
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