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Question 64

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An analysis of Kenny Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
[The following information applies to the questions displayed below.] An analysis of Kenny Corporation's Investment in Marketable Securities account during 2018 disclosed the following:    Kenny's 2018 income statement included a $90,000 loss on sale of marketable securities and $65,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash. -The amount of cash paid by Kenny Corporation in 2018 for the purchase of marketable securities was: A) $445,000. B) $535,000. C) $355,000. D) $420,000. Kenny's 2018 income statement included a $90,000 loss on sale of marketable securities and $65,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash.
-The amount of cash paid by Kenny Corporation in 2018 for the purchase of marketable securities was:


A) $445,000.
B) $535,000.
C) $355,000.
D) $420,000.

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