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    Accounting Study Set 4
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    Exam 16: Statement of Cash Flows
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    Using the Indirect Method, If Land Costing $85,000 Was Sold
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Using the Indirect Method, If Land Costing $85,000 Was Sold

Question 76

Question 76

True/False

Using the indirect method, if land costing $85,000 was sold for $145,000, the amount reported in the financing activities section of the statement of cash flows would be $85,000.

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