During 20x3, Okee Company purchased land for $750,000. It paid $250,000 in cash and signed a 5500,000
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During 20x3, Okee Company purchased land for $750,000. It paid $250,000 in cash and signed a 5500,000 mortgage for the rest. The company also sold a building that originally cost $180,000, on which it had $140,000 of accumulated depreciation, for
$190,000 cash, making a gain of $150,000. Prepare the cash flows from investing activities and schedule of noncash investing and financing transactions sections of the state- ment of cash flows.L01
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