Question

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.

Answer 1

B I think sorry if wrong :/