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Lamar Corporation purchased land for $143,000. Later in the year, the company sold land with a book value of $181,000 for $203,000. Show how the
Lamar Corporation purchased land for $143,000. Later in the year, the company sold land with a book value of $181,000 for $203,000. Show how the effects of these transactions are reported on the statement of cash flows using the indirect method
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