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.
-Based solely on the above information and the receipt of dividends is classified as an operating activity, Kenny's net cash from investing activities for 2014 is:
A) $215,000 net cash used in investing activities.
B) $165,000 net cash from investing activities.
C) $265,000 net cash used in investing activities.
D) $290,000 net cash from investing activities.
Correct Answer:
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