An analysis of Kenny Corporation's Investment in Equity Securities account during 2014 disclosed the following:
Kenny s 2014 income statement included a $90,000 loss on sale of equity securities and $65,000 dividend income from equity securities. All payments and proceeds relating to equity securities transactions were in cash.
-The amount of cash paid by Kenny Corporation in 2014 for the purchase of equity securities was:
A) $445,000.
B) $535,000.
C) $355,000.
D) $420,000.
Correct Answer:
Verified
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