An analysis of the Marketable Securities control account of Fancher Products, Inc., shows the following...
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Accounting
An analysis of the Marketable Securities control account of Fancher Products, Inc., shows the following entries during the year. Balance, Jan. 1 $ 290,000 Debit entries 250,000 Credit entries (120,000 ) Balance, Dec. 31 $ 420,000 In addition, the companys income statement includes a $35,000 loss on sales of marketable securities. None of the companys marketable securities is considered a cash equivalent. Compute the amounts that should appear in the statement of cash flows as:
a. Purchases of marketable securites?
b. Proceeds from sales of marketable securities?
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