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What items and amounts appear in the cash flows

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During 2016, Paxon Corporation's long-term investments account (at cost) increased $15,000, which was the net result of purchasing stocks costing $80,000 and selling stocks costing $65,000 at a $6,000 loss.

Also, its bonds payable account decreased $10,000, the net result of issuing $130,000 of bonds and retiring bonds with a book value of $140,000 at a $9,000 gain.

What items and amounts appear in the (a) cash flows from investing activities and (b) cash flows from financing activities sections of its 2016 statement of cash flows?

 

Reference no: EM131803224

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