Selected information follows for Cheema Select Corporation at December 31: Additional information: 1. Land was sold for
Question:
Selected information follows for Cheema Select Corporation at December 31:
Additional information:
1. Land was sold for cash at a gain of $35,000.
2. Equipment was bought for cash.
Prepare the investing activities section of the cash flow statement.
Transcribed Image Text:
Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment 2024 $ 95,000 250,000 (55,000) 237,000 (86,000) 2023 $180,000 250,000 (45,000) 148,000 (78,000)
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Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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