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Land costing $135,586 was sold for $172,229 cash. The gain on the sale was reported on the income statement as other income. On the
Land costing $135,586 was sold for $172,229 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? Oa. $307,815 Ob. $172,229 Oc. $36,643 Od. $135,586
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
