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An analysis of Forest Hills Corporation's Investment in Marketable Securities account disclosed the following: ...

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Accounting

An analysis of Forest Hills Corporation's Investment in Marketable Securities account disclosed the following:
Debit entries $160,000
Credit entries 240,000
Forest Hill's income statement included a $40,000 gain on sale of marketable securities and $30,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash.
The am
ount of cash paid by Forest Hills Corporation in for the purchase of marketable securities was:
Select one:
a. $200,000
b. $190,000
c. $160,000
d. $240.000
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