Question
Early in 2018, Larsen Corporation purchased marketable securities at a cost of $81,000. In September, dividends of $5,700 were received; Larsen sold the securities in
Early in 2018, Larsen Corporation purchased marketable securities at a cost of $81,000. In September, dividends of $5,700 were received; Larsen sold the securities in December at a gain of $4,700. How would these transactions be reported on Larsen's statement of cash flows for 2018?
rev: 06_27_2018_QC_CS-130292
Multiple Choice
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$85,700 cash provided by investing activities; $81,000 cash used in financing activities.
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$4,700 net cash provided by investing activities; $5,700 included in cash provided by operating activities.
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$76,300 net cash used in investing activities; $85,700 cash provided by investing activities.
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$10,400 net cash provided by investing activities.
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