Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 28

Puget Sound Co.old marketable securities costing $80,000 for $92,000 cash.n the company's income statement and statement of cash flows, respectively, this will appear as:
a. $12,000 gain and a $92,000 cash receipt.
b. $92,000 gain and an $8,000 cash receipt.
c. $12,000 gain and an $80,000 cash receipt.
d. $92,000 sale and a $92,000 cash receipt.