Transaction |
Action |
Amount |
Gain or Loss on sale of land |
Deducted from net income |
$9,000 [Gain = Sales price - Book value = $76,000 - $67,000] |
Cash received from sale of land |
Part of cash flow from investing activities |
$76,000 [Cash inflow[ |
Cash paid for purchase of land |
Part of cash flow from investing activities |
($152,000) [Cash outflow] |
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $152,000. Later in...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $427,000. Later in the year, the company sold a different piece of land with a book value of $171,000 for $190,000. the effects of these ctions reported on the statement of cash flowss assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases cash and for any adjustments, if required. If a transaction has no effect on the statement...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $547,000. Later in the year, the company sold a different piece of land with a book value of $235,000 for $202,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $375,000. Later in the year, the company sold a different piece of land with a book value of $229,000 for $256,000 How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $259,000. Later in the year, the company sold a different piece of land with a book value of $158,000 for $141,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $429,000. Later in the year, the company sold a different piece of land with a book value of $189,000 for $164,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash outflows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash flows, select...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $333,000. Later in the year, the company sold a different piece of land with a book value of $163,000 for $181,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...
Land Transactions on the Statement of Cash Flows Alpha Corporation purchased land for $473,000. Later in the year, the company sold a different piece of land with a book value of $298,000 for $268,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...
Land Transactions on the Statement of Cash Flows Cameron Corporation purchased land for $426,000. Later in the year, the company sold a different piece of land with a book value of $222,000 for $244,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...
Land Transactions on the Statement of Cash Flows Veteran Corporation purchased land for $497,000. Later in the year, the company sold a different piece of land with a book value of $278,000 for $239,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...
Land Transactions on the Statement of Cash Flows Alpha Corporation purchased land for $474,000. Later in the year, the company sold a different piece of land with a book value of $204,000 for $186,000. How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect...