Question
A firm purchase $500,000 worth of land last year. This year the land is appraised to be worth $580,000. How will this be reflected in
A firm purchase $500,000 worth of land last year. This year the land is appraised to be worth $580,000. How will this be reflected in the statement of cash flow?
Group of answer choices
Cash inflow of $580,000
Cash inflow of $80,000
Cash outflow of $500,000
Will not be reflected
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
