Question: here are the dropdown options for each Land Transactions on the Statement of Cash Flows Easterly Corporation purchased land for $544,000. Later in the year,







Land Transactions on the Statement of Cash Flows Easterly Corporation purchased land for $544,000. Later in the year, the company sold a different piece of land with a book value of $267,000 for $299,000 How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect from the drop down menu and leave the amount box blank Transactions Action Amount Gain or loss on sale of land Cash received from sale of land Cash paid for purchase of land ment of Cash Flows land for $544,000. Later in the year, the company sold a different piece of la ansactions reported on the statement of cash flows? Use the minus sign to ind and for any adjustments, if required. If a transaction has no effect on the stater enu and leave the amount box blank. Action Amount and Added to net income nd Deducted from net income No effect Part of cash flows from financing activities Part of cash flows from investing activities w hp of Cash Flows for $544,000. Later in the year, the company sold a different piece of land with a bo actions reported on the statement of cash flows? Use the minus sign to indicate cash OL For any adjustments, if required. If a transaction has no effect on the statement of cash and leave the amount box blank. Action Amount III) Added to net income Deducted from net income No effect Part of cash flows from financing activities Part of cash flows from Investing activities w hp ment of Cash Flows land for $544,000. Later in the year, the company sold a different piece of land with a bool ransactions reported on the statement of cash flows? Use the minus sign to indicate cash out and for any adjustments, if required. If a transaction has no effect on the statement of cash fl enu and leave the amount box blank. Action Amount and end Added to net income Deducted from net income No effect Part of cash flows from financing activities Part of cash flows used for investing activities Cap
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