Question
Land costing $125,000 was sold for $155,000 cash. The gain on the sale was reported on the income statement as other income. On the
Land costing $125,000 was sold for $155,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
