Technologies Worldwide purchased land for $850,000 in 2020 with the intent to expand operations. In 2021, the company decides the land is no longer needed, and the land is sold for $900,000. Determine the investing cash flows to be reported in 2021. Determine the investing cash flows to be reported in 2021 if the land was purchased in 2020 for $950,000?

Technologies Worldwide purchased land for $850,000 in 2020 with the intent to expand operations. In 2021, the company decides the land is no longer needed, and the land is sold for $900,000. Determine the investing cash flows to be reported in 2021. Determine the investing cash flows to be reported in 2021 if the land was purchased in 2020 for $950,000?

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter16: Accounting Periods And Methods

Section: Chapter Questions

Problem 15DQ

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