CMA Study Group

 View Only
  • 1.  CMA Pop Quiz- Q210

    Posted 12-22-2017 10:07 AM

    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
    ------------------------------


  • 2.  RE: CMA Pop Quiz- Q210

    Posted 12-22-2017 03:49 PM

    CMA Pop Quiz- A210 

    CMA Pop Quiz: How did you do on our #CMAPopQuiz? #CMA

    Solution D: James should include the total value of the sale ($150,000) in the Investing Activities Section of the Cash Flow Statement.



    ------------------------------
    Christine Purelis
    ------------------------------