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An analysis of Karman Corporation's Investment in Marketable Securities account during Year 2 disclosed the following: Debit entries Credit entries $ 155,000 230,000 Karman's Year
An analysis of Karman Corporation's Investment in Marketable Securities account during Year 2 disclosed the following: Debit entries Credit entries $ 155,000 230,000 Karman's Year 2 income statement included a $37,500 gain on sale of marketable securities and $25,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash. The amount of cash paid by Karman Corporation in Year 2 for the purchase of marketable securities was: Select one: O a. $192,500. O b. $230,000. c. $180,000. O d. $155,000.
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