Question: Land costing $ 7 0 , 2 0 0 was sold for $ 9 5 , 7 0 0 cash. The loss on the sale

Land costing $70,200 was sold for $95,700 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
a. $95,700
b. $70,200
c. $25,500
d. $165,900

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