Multiple Choice
[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.
Correct Answer:

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Correct Answer:
Verified
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