Selected information follows for Cathrea Select Corporation at December 31: Additional information: 1. Land was sold for

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Selected information follows for Cathrea Select Corporation at December 31:

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Additional information:

1. Land was sold for cash at a gain of $35,000.

2. Equipment was bought for cash.

Prepare the investing activities section of the cash flow statement.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Accounting Principles Volume 2

ISBN: 978-1119502555

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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