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19 20 21 Question 36 (6 points) 22 21 23 Page 2: 4 25 3: 27 -- 28 31 34 Browser + Webcam Listen
19 20 21 Question 36 (6 points) 22 21 23 Page 2: 4 25 3: 27 -- 28 31 34 Browser + Webcam Listen Lamar Corporation purchased land for $158,000. Later in the year, the company sold land with a book value of $193,000 for $216,000. Show how the effects of these transactions are reported on the statement of cash flows using the indirect method. b. Increase or c. Statement of Cash Decrease Flows Section Transaction 1. Gain on sale of land a. Amount 2. Cash received for sale of land 3. Cash paid for purchase of land (You should have 3 answers with 3 p each for a total of 9 responses: 1.a,b,c; 2.a,b,c; 3.a,b,c)
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