Lamar Corporation purchased land for $147,000. Later in the year, the company sold land with a book value of $193,000 for $216,000. Show how the effects of these transactions are reported on the statement of cash flows using the indirect method. Transaction Amount Increase or Decrease Statement of Cash Flows Section Gain on sale of land Cash received for sale of land Cash paid for purchase of land image008.png

Lamar Corporation purchased land for $147,000. Later in the year, the company sold land with a book value of $193,000 for $216,000. Show how the effects of these transactions are reported on the statement of cash flows using the indirect method. Transaction Amount Increase or Decrease Statement of Cash Flows Section Gain on sale of land Cash received for sale of land Cash paid for purchase of land image008.png

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Description: 2 Content* CengageNOWv2 | Online teachin xm/iln/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseajoutant à la barre de favoris. Importer mes favoris maintenant.Lamar Corporation purchased land for $147,000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter6: Investing And Financing Activities

Section: Chapter Questions

Problem 4.5C

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