Question
An analysis of Karman Corporation's Investment in Marketable Securities account during Year 2 disclosed the following: Debit entries $ 161,000 Credit entries 242,000 Karman's Year
An analysis of Karman Corporation's Investment in Marketable Securities account during Year 2 disclosed the following:
Debit entries | $ 161,000 |
---|---|
Credit entries | 242,000 |
Karman's Year 2 income statement included a $40,500 gain on sale of marketable securities and $31,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash.
Based solely on the above information, Karman's net cash flow from investing activities for Year 2 is:
Multiple Choice
$282,500 net cash provided by investing activities.
$81,000 net cash provided by investing activities.
$121,500 net cash provided by investing activities.
$81,000 net cash used by investing activities.
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