Technologies Worldwide purchased land for $850,000 in 2023 with the intent to expand operations. In 2024, the
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Technologies Worldwide purchased land for $850,000 in 2023 with the intent to expand operations. In 2024, the company decides the land is no longer needed, and the land is sold for $900,000. Determine the investing cash flows to be reported in 2024. Determine the investing cash flows to be reported in 2024 if the land was purchased in 2023 for $950,000?
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The investing cash flow for the land sale in 2024 would be 900000 850000 50000 ...View the full answer
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