In Concord Company, there was an increase in the land account during the year of $21100....

 

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In Concord Company, there was an increase in the land account during the year of $21100. Analysis reveals that the change resulted from a cash sale of land at cost $135900, and a cash purchase of land for $157000. In the statement of cash flows, the change in the land account should be reported in the investment section: In Concord Company, there was an increase in the land account during the year of $21100. Analysis reveals that the change resulted from a cash sale of land at cost $135900, and a cash purchase of land for $157000. In the statement of cash flows, the change in the land account should be reported in the investment section:

Answer rating: 100% (QA)

No the change in the land account would not be reported in the investment section of the statement o... View the full answer