Lester Corporation's statement of cash flows for 2010 shows the following investing activities: Refer to the above data. The cost of the land sold during 2010 was: a $65,000. b. $ 125,000. c $190,000. d. $60,000. Refer to the above data. The cost (book value) of the equity securities sold during 2010 was: a $207,000. b $113,000. c. $160,000. d. Some other amount. Refer to the above data. Lester's balance sheet at the end of 2009 showed Land of $100,000. On the basis of the data presented above, compute the amount to be reported for Land in Lester Corporation's balance sheet at 31 December 2010. a. $250,000. b. $350,000. c. $290,000. d, Some other amount. Refer to the above data. Lester's balance sheet at the end of 2009 showed investment in Equity Securities at $250,000. On the basis of the data presented above, compute the amount to be reported for investment in Equity Securities in Lester Corporation's balance sheet at 31 December 2010. a $43,000. b $110,000. c $137,000. d. $253,000. Which of the following correctly describes a difference between the direct method and the indirect method of computing operating cash flow? a. The direct method is used when accounting records are kept on a cash basis; the indirect method is used when accounting records are maintained on an accrual basis. b. The direct method may be used only when a company maintains special journals for cash receipts and cash disbursements; the indirect method is used in all other situations. c. Both the direct and the indirect methods result in the same net cash from operating activities, but the format of this section of the statement of cash flows is different under the alternative methods. d. The direct method is used when all accounting records and bank statements arc available; the indirect method is used when some accounting records or documents are missing or have been destroyed