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Brief Exercise 11-10 Determine investing cash flows from sale of land (LO11-4) Technologies Worldwide purchased land for $850,000 in 2020 with the intent to expand
Brief Exercise 11-10 Determine investing cash flows from sale of land (LO11-4) Technologies Worldwide purchased land for $850,000 in 2020 with the intent to expand operations. In 2021, the company decides the land is no longer needed, and the land is sold for $900,000. Required: 1. Determine the investing cash flows to be reported in 2021. TECHNOLOGIES WORLDWIDE Statement of Cash Flows (partial). Cash Flows from Investing Activities 2. Determine the investing cash flows to be reported in 2021 if the land was purchased in 2020 for $950,000? TECHNOLOGIES WORLDWIDE Statement of Cash Flows (partial) Cash Flows from Investing Activities
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