Question
Land costing $68,626 was sold for $93,139 cash. The loss on the sale was reported on the income statement as other expense. On the statement
Land costing $68,626 was sold for $93,139 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
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Fundamentals Of Cost Accounting
Authors: Michael W Maher, William N. Lanen, Madhav V. Rajan
1st Edition
0073018376, 978-0073018379
