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Land costing $100,000 was sold for $69,000 cash. A $31,000 loss on the sale was reported on the income statement. On the Statement of Cash

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Land costing $100,000 was sold for $69,000 cash. A $31,000 loss on the sale was reported on the income statement. On the Statement of Cash Flows, what amount, if any, should be reported as an investing activity from the sale of land? $31,000 $69,000 $100,000 None of the listed choices are correct $131,000 . Previous Next No new data to save. Last checked at 12:01pm Submit Quiz X C A F9 F10 F1 F6 F7 F8

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