Question
Land costing $45,681 was sold for $87,140 cash. The gain on the sale was reported on the income statement as Other revenue. On the statement
Land costing $45,681 was sold for $87,140 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?
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Core Concepts Financial Analysis
Authors: Gary Giroux
1st Edition
047146712X, 9780471467120
