Free Wheel Company’s long-term investments have a beginning balance of $200,000 and an ending balance of $120,000. The company’s income statement reports a gain on sale of long-term investments of $20,000. How much cash was received from the sale of long-term investments if no additional investments were purchased in the period.
Select one:
a. $80,000
b. $120,000
c. $60,000
d. $100,000
It’s that simple.Pay only when you are satisfied.
Get Personalized Homework Help
Improve Your Grades Today
How It Works
1-Send us your Assignment requirements, attach and deadline for submission.
2-You will get a confirmation from us with a price quote.Pay us and be relax.
3-Your Completed task will be e mailed to you before agreed time.
Submit Your Assignment/Essay/Discussion/Term Paper/Final Exam or CaseStudy Detail
Available 24/7!
Send your academic problems,
Get instant Help only at Writerscampus!