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Calculate the investments account balance

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Reference no: EM132885657

Question - The following information was aken from abc companys 2030 statement of cash flows Investing activities

Cash Received from the sale of investments $1000

Cash paid to purchase investments <20000>

Abc company 2030 income statement reported a gain on the sale of investments of $3000

Assume the investment account balance at January 1 2030 was 40000

Required - Calculate the investments account balance at december 31 2030?

Reference no: EM132885657

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