If a gain of $30,000 is incurred in selling (for cash) long-term investments having a book value of $180,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is
A) $30,000.
B) $210,000.
C) $180,000.
D) $150,000.

Question

Quizplus · Accepted Answer

The total amount reported in the cash flows from investing activities section would be $210,000, which is the sum of the gain ($30,000) and the book value of the investments sold ($180,000), reflecting the total cash received from the sale.

If a Gain of $30,000 Is Incurred in Selling (For