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Land Transactions on the Statement of Cash Flows Cameron Corporation purchased land for $192,000. Later in the year, the company sold a different plece of

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Land Transactions on the Statement of Cash Flows Cameron Corporation purchased land for $192,000. Later in the year, the company sold a different plece of land with a book value of $109,000 for $95,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sian to indicate cash out fows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select "No effect from the droe down menu and leave the amount box blank Transactions Action Amount Gain or loss on sale of land Added to net income Cash received fromn sale of land Part of cash flows from investing activities Cash paid for purchase of land Part of cash flows from investing activities v

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