Multiple Choice
Moon Company owns 56 million shares of stock of Center Company classified as available for sale.During 2016,the fair value of those shares increased by $34 million.What effect did this increase have on Moon's 2016 statement of cash flows?
A) Cash from operating activities increased.
B) Cash from investing activities increased.
C) Cash from financing activities increased.
D) No effect.
Correct Answer:
Verified
Correct Answer:
Verified
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