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Question 138

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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 cash proceeds received by Kenny Corporation in 2018 for the sale of marketable securities was: A) $230,000. B) $280,000. C) $195,000. D) $180,000. 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 cash proceeds received by Kenny Corporation in 2018 for the sale of marketable securities was:


A) $230,000.
B) $280,000.
C) $195,000.
D) $180,000.

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