On January 1, 2013, Shelton Company had a balance of $325,000 in its Land account. During 2013,
Question:
Required
a. Determine the cash outflow for the purchase of land during 2013.
b. Prepare the investing activities section of the 2013 statement of cash flows.
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a Reconciliation of Land Account Beginning balance 325000 Increase due to purchasing land 66500 Decr...View the full answer
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Related Book For 
Fundamental financial accounting concepts
ISBN: 978-0078025365
8th edition
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
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