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On July 15, 2021, M.W Morgan Distribution sold land for $29.0 milion that it had purchased in 2016 for $210 million Required: What would be
On July 15, 2021, M.W Morgan Distribution sold land for $29.0 milion that it had purchased in 2016 for $210 million Required: What would be the amounts related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method? The Indirect method? Complete this question by entering your answers in the tabs below. Direct Method Indirect Method What would be the amount(o) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method? (list any cash outflows with a minus non. Enter your answers in millions rounded to 1 decimal place de 5.500.000 should be entered a 5.5).) cash inflow from investing activities Indirect Method > On July 15, 2021. MW. Morgan Distribution sold land for $29.0 million that it had purchased in 2016 for $21.0 million Required: What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year er 31, 2021, using the direct method? The Indirect method? Complete this question by entering your answers in the tabs below. Direct Method Indirect Method What would be the amount(s) related to the sale that Morgan would report in its stateraint of cash flows for the year ended December 31, 2021, using the indirect method? (List any cash outflows with a minus sign. Enter your answers in millions rounded to 1 decimal place (4., 5.500.000 should be entered as 53).) is in millions Cash inflow from operating activities Cash inflow from investing activities
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