Question
An analysis of Kenny Corporation's Investment in Marketable Securities account during 2018 disclosed the following: Debit entries $445,000 Credit entries $270,000 Kenny's 2018 income statement
An analysis of Kenny Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
Debit entries | $445,000 | |
Credit entries | $270,000 | |
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.
Based solely on the above information, Kenny's net cash flow from investing activities for 2018 is:
Select one:
a. $215,000 net cash used by investing activities.
b. $165,000 net cash provided by investing activities.
c. $265,000 net cash used by investing activities.
d. $290,000 net cash provided by investing activities.
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