Technologies Worldwide purchased land for $850,000 in 2020 with the intent to expand operations. In 2021, the
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Technologies Worldwide purchased land for $850,000 in 2020 with the intent to expand operations. In 2021, 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 2021. Determine the investing cash flows to be reported in 2021 if the land was purchased in 2020 for $950,000?
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Cash flows due to investing activity consist of assets sold means cash inflows and assets ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
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