Land costing $46,000 was sold for $79,000 cash.
Land costing $46,000 was sold for $79,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
1) $125,000
2) $79,000
3) $46,000
4) $33,000
May 29 2018 View more View Less
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