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On September 1, 20x3, EG Ltd. sold excess land with a cost of $120,000 for $200,000. The purchaser paid $50,000 cash and signed a 1-year
On September 1, 20x3, EG Ltd. sold excess land with a cost of $120,000 for $200,000. The purchaser paid $50,000 cash and signed a 1-year note for the remainder. For the year ended December 31, 20x3, how would this sale of land be reflected in cash flow from investing activities? Select one: Oa. $50,000 cash inflow from the sale of land Ob. $80,000 cash inflow from the sale of land Oc. $120,000 cash inflow from the sale of land Od. $200,000 cash inflow from the sale of land
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