Land Transactions on the statement of Chow 17 Corporation purchased and for $500,000. Later in the year the company cold different piece of land with a book value of $250,000 for $280,000 How are the effects of these transaction reported on the statement of cash flows on the Indirect method is used Use the mission to indicate cash outflows, cash payments, decreases in cath and for an adjustments, required. If a transaction has no effect on the statement of shows loco effect from the drop down men and now the mount box blank Transactions Action Amount Gain on sale of land Cash received from sale of land Cash paid for purchase of land Land Transactions on the statement of Chow 17 Corporation purchased and for $500,000. Later in the year the company cold different piece of land with a book value of $250,000 for $280,000 How are the effects of these transaction reported on the statement of cash flows on the Indirect method is used Use the mission to indicate cash outflows, cash payments, decreases in cath and for an adjustments, required. If a transaction has no effect on the statement of shows loco effect from the drop down men and now the mount box blank Transactions Action Amount Gain on sale of land Cash received from sale of land Cash paid for purchase of land