The amount of cash paid by Kenny Corporation in 2010 for the purchase of marketable securities was:
A) $445,000.
B) $535,000.
C) $355,000.
D) $420,000.

Question

Quizplus · Accepted Answer

The amount of cash paid by Kenny Corporation in 2010 for the purchase of marketable securities was $445,000. This is evident from the statement of cash flows, which shows that the company had a net increase in marketable securities of $445,000 and that the only cash flow related to marketable securities was a purchase of $445,000.

The Amount of Cash Paid by Kenny Corporation in 2010