An Analysis of Korman Corporation's Investment in Equity Securities Account $\begin{array} { | l | r | } \hline \text { Debit entries } & \$ 160,000 \\\hline \text { Credit entries } & 240,000 \\\hline\end{array}$

question 48

Multiple Choice

An analysis of Korman Corporation's Investment in Equity Securities account during 2014 disclosed the following:
$\begin{array} { | l | r | } \hline \text { Debit entries } & \$ 160,000 \\\hline \text { Credit entries } & 240,000 \\\hline\end{array}$
Korman 's 2014 income statement included a $40,000 gain on sale of equity securities and $30,000 dividend income from equity securities. All payments and proceeds relating to equity securities transactions were in cash.

-Based solely on the above information and the receipt of dividends is classified as an operating activity, Korman's net cash from investing activities for 2014 is:

• A) $80,000 net cash used in investing activities.
• B) $80,000 net cash from investing activities.
• C) $120,000 net cash from investing activities.
• D) $240,000 net cash from investing activities.

Analyze how specialization and trade affect the production possibilities and economic outcomes for countries.

Identify key global leaders in exports and understand the significance of their roles in international trade.

Distinguish between labor-intensive, land-intensive, and capital-intensive commodities.

Understand and apply the concept of opportunity costs in the context of international trade.

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