Reporting land transactions on statement of cash flows OBJ. 2 On the basis of the details of

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Reporting land transactions on statement of cash flows OBJ. 2 On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:

ACCOUNT Land ACCOUNT NO.

Balance Date Item Debit Credit Debit Credit 2016 Balance Purchased for cash Sold for $95,550 1

12 4

Jan.

Mar.

Oct.

868,000 972,300 908,460 104,300 63,840

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