A review of Pueblo Company's balance sheet revealed a beginning balance in its Land account of $150,000.
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Question:
A review of Pueblo Company's balance sheet revealed a beginning balance in its Land account of $150,000. The ending balance In the account was $225,000. Ail transactions associated with the purchase or sale of land were cash transactions. Based on this Information alone, Pueblo would show a
- $75.000 cash outflow in the financing activities section of its statement of cash flows.
- $225.000 cash outflow in the financing activities section of its statement of cash flows.
- $225000 cash outflow in the investing activities section of its statement of cash flows.
- $75.000 cash outflow in the investing activities section of its statement of cash flows.
Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
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