Veteran Corporation purchased land for $276,000. Later in the year, the company sold a different piece of
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Veteran Corporation purchased land for $276,000. Later in the year, the company sold a different piece of land with a book value of $149,000 for $131,000.
How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required.
Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
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