Land costing $135,586 was sold for $172,229 cash. The gain on the sale was reported on...
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Land costing $135,586 was sold for $172,229 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. $307,815 Ob. $172,229 Oc. $36,643 Od. $135,586 Land costing $135,586 was sold for $172,229 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. $307,815 Ob. $172,229 Oc. $36,643 Od. $135,586
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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