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The following is select information for Real Co. during 20x6: Land Common shares 20x6 23,692. 44,528 Long-term notes payable 5.922 20x5 6,557 10,078 17,496
The following is select information for Real Co. during 20x6: Land Common shares 20x6 23,692. 44,528 Long-term notes payable 5.922 20x5 6,557 10,078 17,496 In addition, land with a fair market value of ($23,692-6,557) was acquired for $8,501 cash and 900 common shares. What amount would appear in the "cash flow from investing activities" section of the statement of cash flows? Positive numbers represent a cash inflow; negative numbers represent a cash outflow. Answer: 14,242 x (-8,501)
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