Hoboken's Activities for the Year Ended December 31,2018 Included the Following

question 7

Multiple Choice

Hoboken's activities for the year ended December 31,2018 included the following: • Sold a held-for-trading investment for $12,000.The book value was $10,000.
• Sold an available-for-sale investment for $8,000.The book value was $9,000.
Using the direct method,how much would be presented as cash flow from operations for the "held for trading" investment?

• A) Proceeds from sale of held for trading investment in the amount of 12,000.
• B) Disposal of held for trading investment in the amount 10,000.
• C) Gain on sale of held for trading investment in the amount 2,000.
• D) Loss on sale of held for trading investment in the amount 2,000.

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