Explain the only investment in trading securities


A company sold an investment in trading securities originally costing $30,000, for $28,000. At the beginning of the year, the investment had a valuation allowance of $3,000, debit. What is the correct disclosure for these events on the statement of cash flows prepared under the direct method, assuming that this is the only investment in trading securities?

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Accounting Basics: Explain the only investment in trading securities
Reference No:- TGS0703657

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