On the basis of the details of the following land account, and assuming cash was used, indicate

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On the basis of the details of the following land account, and assuming cash was used, indicate the items to be reported on the statement of cash flows.

Land Jan. 1 opening 1,200,000 Feb. 5 380,000 180,000 Oct. 30 closing 1,400,000

The land was sold for $210,000

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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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Question Posted: Dec 15, 2017 08:34 AM

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On the basis of the details of the following land account, and assuming cash was used, indicate

Question:

Land Jan. 1 opening 1,200,000 Feb. 5 380,000 180,000 Oct. 30 closing 1,400,000

Step by Step Answer:

Cash flows from investing activities Cash received from sale o...View the full answer

Accounting Volume 2

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