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The following balance sheets apply to American Airlines at year-end December 31, 2023: Additional Information: - Net Income for 2023 was $2,200 - During 2023,
The following balance sheets apply to American Airlines at year-end December 31, 2023: Additional Information: - Net Income for 2023 was $2,200 - During 2023, the Company sold Equipment for $740, that originally cost $740 and had a book value of $600 - The Company sold Land for $400, resulting in a Loss of $80. The remaining Land change was due to the acquisition of Land for Common Stock. Using the indirect method, calculate Total Cash Flow from Investing for December 31, 2023? ($800) $1,140 ($1,200) (\$60) ($860)
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