Question

the income. On the statement of cash flows Land conting $134 560 was told for $171,875 cash The gain the r e ported on the in

0 0
Add a comment Improve this question Transcribed image text
Answer #1

  While preparing cash flow statement only sale or purchase value of an asset is taken as investment activity either in the form of inflow(sale) or outflow(purchase).

The gain or loss arising on that transaction is recorded in income statement.

So the value should reported as an investment activity in the cash flow statement is it's sale value.

Therefore,

Answer = $171875 (option B).

____×____

ALL THE BEST

Keep Learning

Add a comment
Know the answer?
Add Answer to:
the income. On the statement of cash flows Land conting $134 560 was told for $171,875...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT