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Category > Accounting Posted 04 Aug 2017 My Price 5.00

Wilma Company

Computing Cash Flows from Investing Activities: Investments

e5A. Wilma Company’s T account for long-term available-for-sale investments at the end of 2014 follows.

 

 

Investments

 

dr.

Beg. Bal.                                     76,000

Purchases of Investments      116,000

Cr.

Sales of Investments               78,000

end. Bal.                                 114,000

 

 

 

 

 

 

 

 

In addition, Wilma’s income statement shows a loss on the sale of investments of

$13,000. Compute the amounts to be shown as cash flows from investing activities, and show how they appear in the statement of cash flows.

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Aug 2017 07:08 PM My Price 5.00

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