Multiple Choice
Jim Sox Company owns debt securities classified as available for sale which were acquired in 2016 at face value of $17 million. During 2018, the fair value of those securities increased by $220,000. What effect did this increase have on Sox's 2018 statement of cash flows?
A) Cash flows from operating activities increased.
B) Cash flows from investing activities increased.
C) Cash flows from financing activities increased.
D) No effect.
Correct Answer:
Verified
Correct Answer:
Verified
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