Larry Corp

question 12

Multiple Choice

Larry Corp.'s policy is to report all cash flows arising from interest and dividends in the operating activities section.The activities for the year ended December 31,2018 included the following: • Sold a held-for-trading investment for $14,000.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 investing activities?

• A)Proceeds from disposal in the amount of 10,000.
• B)Proceeds from disposal in the amount of 24,000.
• C)Gain on sale in the amount 5,000.
• D)Gain on sale in the amount 4,000.

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Definitions:

Expressed Emotion

A psychological term that describes the degree of emotional support, criticism, and hostility a person receives from their family.

Criticism

The act of expressing disapproval or detailing the faults of someone or something in a reasoned and often detailed manner.

Concern

A feeling of worry or interest in a situation or problem.

Joyfulness

A state of great happiness and pleasure.