Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on...

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Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on the income statement as other revenue. O

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Answer 1

Answer #1

All Cash revenue and expense which is incurred from sale and purchase of long term assets should be included in investing activities

Cash flow from investing activities
Sale of land	94100

So answer is c) $94100

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Answer 2

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Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on...

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Land costing $80,000 was sold for $94,600 cash. The gain on the sale was reported on...

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Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on...

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Add Answer to: Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on...

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Land costing $68,000 was sold for $94,100 cash. The gain on the sale was reported on...