Land costing $134,282 was sold for $173,721 cash. The gain on the sale was reported on...
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Land costing $134,282 was sold for $173,721 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? Oa. S173,721 Ob. $308,003 Oc. $39,439 Od. $134,282 Land costing $134,282 was sold for $173,721 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? Oa. S173,721 Ob. $308,003 Oc. $39,439 Od. $134,282
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Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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