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lina2011 [118]
2 years ago
8

Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities

account. During the period the Company paid $10,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,000 the amount of the cash inflow from the sale of securities is
A. $7,000.
B. $6,000.
C. $5,000.
D. None of the answers is correct.
Business
1 answer:
algol [13]2 years ago
8 0
B I think sorry if wrong :/
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andriy [413]
I would say that all of the following are steps to help you be a good problem solver except B and C. You need to define the problem and then set about creating solutions. For example, if it is becoming too expensive to haul ore out of an open pit because it its too deep so the haulage costs are prohibitive, then a  potential solution involves decreasing haulage costs by shortening the haul which can be resolved by extending in pit conveyors and crusher down close to the ore deep within the pit.
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As of January 1, Year 2, Room Designs Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earni
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Answer:

What did the company purchase that resulted in the cash outflow from investing activities?

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