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Question 85

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An analysis of Korman Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
[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 amount of cash paid by Korman Corporation in 2018 for the purchase of marketable securities was: A) $240,000. B) $160,000. C) $200,000. D) $190,000. 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 amount of cash paid by Korman Corporation in 2018 for the purchase of marketable securities was:


A) $240,000.
B) $160,000.
C) $200,000.
D) $190,000.

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