[The Following Information Applies to the Questions Displayed Below

question 146

Multiple Choice

[The following information applies to the questions displayed below.]
An analysis of Korman Corporation's Investment in Marketable Securities account during 2018 disclosed the following:
Korman's 2018 income statement included a $40,000 gain on sale of marketable securities and $30,000 dividend income from marketable securities.All payments and proceeds relating to marketable securities transactions were in cash.
-The cash proceeds received by Korman Corporation in 2018 for the sale of marketable securities was:

• A)$160,000.
• B)$230,000.
• C)$240,000.
• D)$280,000.

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