Business, 14.12.2021 01:00, leapfroggiez

Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities account. During the period the Company paid $10,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,000 the amount of the cash inflow from the sale of securities is A. $7,000.
B. $6,000.
C. $5,000.
D. None of the answers is correct.

Answers: 3

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Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslon...