A company completed the following transactions involving investments during the current year.
A)Payments of $50,000 for money market funds were reported as a cash outflow in the investing activities section.
B)Proceeds of $70,000 were reported as a cash inflow in the investing activities section.
C)Payments of $55,000 for trading securities were reported as a cash outflow in the operating activities section.
D)A gain of $10,000 on the sale of available-for-sale securities was deducted from net income in the operating activities section.

Question

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The Answer of A company completed the following transactions involving investments during the current year.
A)Payments of $50,000 for money market funds were reported as a cash outflow in the investing activities section.
B)Proceeds of $70,000 were reported as a cash inflow in the investing activities section.
C)Payments of $55,000 for trading securities were reported as a cash outflow in the operating activities section.
D)A gain of $10,000 on the sale of available-for-sale securities was deducted from net income in the operating activities section.

A Company Completed the Following Transactions Involving Investments During the Current