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.