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Land costing $42,920 was sold for $80,414 cash. The gain on the sale was reported on the income statement as Other revenue. On the statement
Land costing
$42,920
was sold for
$80,414
cash. The gain on the sale was reported on the income statement as "Other revenue." On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?\ a.
$123,334
\ b.
$42,920
\ c.
$80,414
\ d.
$37,494
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