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Veteran Corporation purchased land for $$267,000.$ Later in the year, the company sold a different piece of land with a book value of $$163,000$ for $$183,000.$

of cash flows, select $"$No effect" from the drop down menu and leave the amount box blank.

Transactions

Gain or loss on sale of land

Cash received from sale of land

Cash paid for purchase of land

Action

Deducted from net income

Part of cash flows from financing activities

Part of cash flows used for investing activities

Amount

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