Question: Using the following partial financial statements, what amount should be added to the investing activities for the statement of cash flows? Proceeds from the sale
Using the following partial financial statements, what amount should be added to the investing activities for the statement of cash flows? Proceeds from the sale of land Partial Balance Sheet 2017 15,000 Land 2016 30,000 Partial Income Statement Other revenues/Expenses: Gain on sale of land 60,000 No land was purchased during the period Journal Debit Account Credit 45,000 75,000 15,000 None of the above
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