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Please help with Direct method and Indirect method. thank you On July 15, 2024, M.W. Morgan Distribution sold land for $39.0 million that it had
Please help with Direct method and Indirect method. thank you
On July 15, 2024, M.W. Morgan Distribution sold land for $39.0 million that it had purchased in 2019 for $25.0 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 ended December 31, 2024, using the direct method? The indirect method? Complete this question by entering your answers in the tabs below. What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2024, using the direct method? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)Step by Step Solution
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