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Statement of Cash Flow
?
Sun Company owns 14.5 million shares of stock of Center Company classified as available for sale. During 2016, the fair value of those shares increased by $19 million. What effect did this increase have on Sun’s 2016 statement of cash flows?
Cash from operating activities increased.
Cash from investing activities increased.
Cash from financing activities increased.
No effect.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
There was no flow of cash.
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