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

question 131

Multiple Choice

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.

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