Multiple Choice
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The financial statements of Seldin,Inc. ,provide the following information for the current year:
-Early in 2018,Larsen Corporation purchased marketable securities at a cost of $90,000.In September,dividends of $6,600 were received;Larsen sold the securities in December at a gain of $5,600.How would these transactions be reported on Larsen's statement of cash flows for 2018?
A) $95,600 net cash provided by investing activities;$6,600 included in cash provided by operating activities.
B) $12,200 net cash provided by investing activities.
C) $95,600 cash provided by investing activities;$90,000 cash used in financing activities.
D) $84,400 net cash used in investing activities;$95,600 cash provided by investing activities.
Correct Answer:

Verified
Correct Answer:
Verified
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