[The following information applies to the questions displayed below.]
An analysis of Korman Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
Korman's 2018 income statement included a $40,000 gain on sale of marketable securities and $30,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash.
-The cash proceeds received by Korman Corporation in 2018 for the sale of marketable securities was:
A)$160,000.
B)$230,000.
C)$240,000.
D)$280,000.

Question

[The following information applies to the questions displayed below.]
An analysis of Korman Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
  Korman's 2018 income statement included a $40,000 gain on sale of marketable securities and $30,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash.
-The cash proceeds received by Korman Corporation in 2018 for the sale of marketable securities was:
A)$160,000. 
B)$230,000. 
C)$240,000. 
D)$280,000.

Quizplus · Accepted Answer

The Answer of [The following information applies to the questions displayed below.]
An analysis of Korman Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
  Korman's 2018 income statement included a $40,000 gain on sale of marketable securities and $30,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash.
-The cash proceeds received by Korman Corporation in 2018 for the sale of marketable securities was:
A)$160,000. 
B)$230,000. 
C)$240,000. 
D)$280,000.

[The Following Information Applies to the Questions Displayed Below