Moon Company Owns 56 Million Shares of Stock of Center

question 9

Multiple Choice

Moon Company owns 56 million shares of stock of Center Company classified as available for sale.During 2016,the fair value of those shares increased by $34 million.What effect did this increase have on Moon's 2016 statement of cash flows?

• A)Cash from operating activities increased.
• B)Cash from investing activities increased.
• C)Cash from financing activities increased.
• D)No effect.

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