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question 110

Multiple Choice

[The following information applies to the questions displayed below.]
The financial statements of Seldin,Inc. ,provide the following information for the current year:

-Early in 2018,Larsen Corporation purchased marketable securities at a cost of $90,000.In September,dividends of $6,600 were received;Larsen sold the securities in December at a gain of $5,600.How would these transactions be reported on Larsen's statement of cash flows for 2018?

• A)$95,600 net cash provided by investing activities;$6,600 included in cash provided by operating activities.
• B)$12,200 net cash provided by investing activities.
• C)$95,600 cash provided by investing activities;$90,000 cash used in financing activities.
• D)$84,400 net cash used in investing activities;$95,600 cash provided by investing activities.

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Definitions:

Overhead Volume Variance

A metric used to measure the difference between the budgeted and actual volume of production, affecting the budgeted overhead costs.