Question: On July 15 2013 M W Morgan Distribution sold land for

On July 15, 2013, M.W. Morgan Distribution sold land for $35 million that it had purchased in 2008 for $22 million. What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2013, using the direct method? The indirect method?


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  • CreatedDecember 23, 2013
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