Question
12 Land costing $67,100 was sold for $93,800 cash. The gain on the sale was reported on the income statement as other revenue. On the
12 Land costing $67,100 was sold for $93,800 cash. The gain on the sale was reported on the income statement as other revenue. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land? a. $160,900 b. $67,100 c. $93,800 d. $26,700
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
