Solved

Tryout Corporation's Balance in Its Land Account, Which Represented One

Question 10

Multiple Choice

Tryout Corporation's balance in its land account, which represented one piece of land, was $100,000. During the year, the piece of land was sold for $165,000. The amount reported in the investing activities section of the statement of cash flows would be:


A) $100,000.
B) $165,000.
C) $ 65,000.
D) none of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: Increases and decreases in the long-term liability

Q6: On an indirect method statement of cash

Q7: Investments that do NOT require cash can

Q8: A statement of cash flows:<br>A)reports where the

Q9: Collections on a loan are reported as

Q11: Cash payments from investing activities do NOT

Q12: On an indirect method statement of cash

Q13: Under the direct method of preparing the

Q14: When preparing the statement of cash flows

Q15: 1.1.income statement for the year is:<br>A)$59,500.<br>B)$62,500.<br>C)$53,500.<br>D)$61,000.<br>