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Question - During 2015, Ward Company's long-term investments account (at cost) decreased $13,000, which was the net result of purchasing stock costing $55,000 and selling stocks costing $68,000 at a $8,000 loss. Ward's bonds payable account decreased $11,000, the net result of issuing $26,000 of bonds and retiring $45,000 of bonds at a $3,000 gain.
Required - What items and amounts appear in the following sections of Ward Company's 2015 statement of cash flow? Be sure to indicate whether the amount is a positive or negative cash flow.
a) cash flows from investing activities.
b) cash flows from financing activities.
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