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Parkinson Company ( PC ) had a beginning balance of $ 9 0 , 0 0 0 and an ending balance of $ 9 4

Parkinson Company (PC) had a beginning balance of $90,000 and an ending balance of $94,000 in its long-term marketable securities account. During the period the Company paid $14,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,400 the amount of the cash inflow from the sale of securities is
Multiple Choice
$11,400.
$10,000.
$8,600.
None of the answers is correct.

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