Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Hello, Im tring to figure out the correct inflow/outflows for land and was wondering if i am correct if i put that in investing activities

Hello, Im tring to figure out the correct inflow/outflows for land and was wondering if i am correct if i put that in investing activities and write purchase of land of $246,400 adn in operating activities put gain of 162,000. (for a indirect cash flow)

image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A First Course In Probability

Authors: Sheldon Ross

9th Edition

978-9332519077, 9332519072

Students also viewed these Accounting questions