Shepherd Nonprofit had the following information related to its investment balances during the fiscal year ended June 30, 2021. Beginning investments $1,200,000 Ending investments $1,460,000 Purchases of investments $500,000 Proceeds from sale of investments $220,000 Realized loss on sale of investments $30,000 Report the section(s) in the statement of cash flows (using the indirect method) where investment transactions would appear, including the direction and amount associated with each.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Shepherd Nonprofit had the following information related to its investment balances
during the fiscal year ended June 30, 2021.
Beginning investments $1,200,000
en
Ending investments $1,460,000
Purchases of investments $500,000
Proceeds from sale of investments $220,000
Realized loss on sale of investments $30,000
Report the section(s) in the statement of cash flows (using the indirect method)
where investment transactions would appear, including the direction and amount
associated with each.
Transcribed Image Text:Shepherd Nonprofit had the following information related to its investment balances during the fiscal year ended June 30, 2021. Beginning investments $1,200,000 en Ending investments $1,460,000 Purchases of investments $500,000 Proceeds from sale of investments $220,000 Realized loss on sale of investments $30,000 Report the section(s) in the statement of cash flows (using the indirect method) where investment transactions would appear, including the direction and amount associated with each.
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