The Activities for the Year Ended December 31,2018 Included the Following

question 43

Multiple Choice

The activities for the year ended December 31,2018 included the following: • Sold a held-for-trading investment for $10,000.The book value was $15,000.
• Sold an available-for-sale investment for $10,000.The book value was $5,000.
How much would be presented as cash flow from operating activities?

• A)Proceeds from disposal in the amount of 10,000.
• B)Proceeds from disposal in the amount of 20,000.
• C)Loss on sale in the amount 5,000.
• D)Loss of 5,000 + Gain of 5,000.

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Definitions:

Pumping Organ

This usually refers to the heart, an organ responsible for circulating blood throughout the body by rhythmic contraction and dilation.

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to all parts of the body.

Veins

Blood vessels that carry blood towards the heart from various parts of the body.

Hemocoel

A primary body cavity of most invertebrates, containing circulatory fluid instead of blood and distinguished by the lack of a true coelom.