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Land costing $41,234 was sold for $84,797 cash. The gain on the sale was reported on the income statement as other income. On the statement
Land costing $41,234 was sold for $84,797 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? Select the correct answer. $41.234 $1260315 $41,563 $84,797
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