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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
image text in transcribed
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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