2A4D THREE YEARS AGO, JAMES COMPANY PURCHASED STOCK IN ZEBRA INC. AT...

100.

CSO: 2A4d

LOS: 2A4d

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.