Two years ago your company bought 40000 in bonds from


Question: Two years ago, your company bought $40,000 in bonds from another company. This month, it sold half of those bonds for $20,640 and lent $1,000 to an employee with a promissory note. On the statement of cash flows for this accounting period, your company would report a net cash.

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Finance Basics: Two years ago your company bought 40000 in bonds from
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