Are you preparing for the #CMA exam? Take our #CMAPopQuiz!
Three years ago, James Company purchased stock in Zebra Inc. at a cost of $100,000. This stock was sold for $150,000 during the current fiscal year. The result of this transaction should be shown in the Investing Activities Section of James' Statement of Cash Flows as:
a. Zero.
b. $50,000.
c. $100,000.
d. $150,000.
------------------------------
Christine Purelis
------------------------------