Lester Corporation’s statement of cash flows for 2009 shows the following investingactivities: | ||
Proceeds from sale of marketable securities | $ 160,000 | |
Purchase of land | (250,000) | |
Proceeds from sale of land | 125,000 | |
| Net cash provided by investing activities | $ 15,000 |
Lester’s income statement for 2009 includes the following: | ||
Loss on sale of marketable securities | $47,000 | |
Gain on disposal of land | 65,000 | |
|
|
|
Refer to the above data.The cost (book value) of the marketable securities sold during 2009 was:
a $207,000. b $113,000. c $160,000. d Some other amount.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.