Laguna's Corporation sold investments for $102,000 cash that cost $90,000 . The journal entry to record the increase in cash flow is:

a. Cash 102,000
Investments 90,000
Gain on Sale of Investments 12,000

b. Cash 90,000
Loss on Sale of Investments 12,000
Investments 102,000

c. Investments 102,000
Cash 102,000

d. Cash 90,000
Investments 90,000

A

Business

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