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An analysis of Kenny Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
Kenny's 2018 income statement included a $90,000 loss on sale of marketable securities and $65,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash.
-The amount of cash paid by Kenny Corporation in 2018 for the purchase of marketable securities was:
A)$445,000.
B)$535,000.
C)$355,000.
D)$420,000.

Question

[The following information applies to the questions displayed below.]
An analysis of Kenny Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
  Kenny's 2018 income statement included a $90,000 loss on sale of marketable securities and $65,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash.
-The amount of cash paid by Kenny Corporation in 2018 for the purchase of marketable securities was:
A)$445,000. 
B)$535,000. 
C)$355,000. 
D)$420,000.

Quizplus · Accepted Answer

The correct amount of cash paid by Kenny Corporation in 2018 for the purchase of marketable securities is $445,000. This is typically determined by analyzing the cash flow statement or related financial disclosures that detail investment activities, including purchases and sales of marketable securities.

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