Exercise 1 4 - 8 A ( Algo ) Determining cash flow from investing activities LO 1
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Question:
Exercise A Algo Determining cash flow from investing activities LO
On January Year Adams Company had a balance of $ in its Land account. During Year Adams sold land that had cost $ for $ cash. The balance in the Land account on December Year was $
Required
Determine the cash outflow for the purchase of land during Year
Prepare the investing activities section of the Year statement of cash flows.
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