Land transactions on the statement of cash flows Obj. 3 IZ Corporation purchased land for $500,000. Later

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Land transactions on the statement of cash flows Obj. 3 IZ Corporation purchased land for $500,000. Later in the year, the company sold a different piece of land with a book value of $250,000 for $280,000. How are the effects of these transactions reported on the statement of cash flows?

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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