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Question(s) / Instruction(s):

An analysis of Kenny Corporations Investment in Marketable Securities account during 2010 disclosed the following: Kenny s 2010 income statement included a $90,000 loss on sale of marketable securities and $65,000 dividend income from marketable securities. All payments and proceeds relating to marketable securities transactions were in cash. Refer to the above data. The amount of cash paid by Kenny Corporation in 2010 for the purchase of marketable securities was: a. $445,000. b. $420,000. c. $535,000. d. $355,000.

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