Investing and Financing Cash Flows
During the year, Paxon Corporation's LongTerm Investments account at cost increased $ the net result of purchasing stocks costing $ and selling stocks costing $ at a $ loss. Also, the Bonds Payable account decreased by $ the net result of issuing $ of bonds at and retiring bonds with a face value and book value of $ at a $ gain. What items and amounts will appear in the a cash flows from investing activities and the b cash flows from financing activities sections of Paxon's statement of cash flows?
Use a negative sign with cash outflow answers.
a
Cash flow from investing activities will show
Purchase of Stock Investments Answer
Sale of Stock Investments Answer
b
Cash flow from financing activities will show
Issuance of Bonds Answer
Retirement of Bonds Answer
