Blue Ltd. is a supplier of pool maintenance supplies and accessories. An extract from Blue's balance sheet, presented under ASPE, is as follows: Year 2 Year 1 Long-term investments $560,000 $485,000 Additional information for Year 2: The company acquired long-term investments for $160,000. The company also incurred a loss on the sale of long-term investments during the year of $35,000. What are the proceeds of sale of long-term investments during Year 2 that would appear on Blue's SCF? A. $50,000 B. $120,000 C. $270,000 D. $200,000

Answer rating: 100% (QA)

To determine the proceeds of the sale of longterm investments during Year 2 that would appear on Blu... View the full answer