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Land costing $76,400 was sold for $94,300 cash. The gain on the sale was reported on the income statement as other revenue. On the
Land costing $76,400 was sold for $94,300 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? Oa. $17,900 Ob. $170,700 Oc. $76,400 Od. $94,300
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
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