Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 49

During the current year, two transactions were recorded in the Land account of Duke Industries.ne involved a debit of $320,000 to the Land account; the second was a $210,000 credit to the Land account.uke's income statement for the year reported a loss on sale of land in the amount of $25,000.ll transactions involving the Land account were cash transactions.hese transactions would be shown in the statement of cash flows as:
a.320,000 cash provided by investing activities, and $210,000 cash disbursed for investing activities.
b.185,000 cash provided by investing activities, and $320,000 cash disbursed for investing activities.
c.235,000 cash provided by investing activities, and $320,000 cash disbursed for investing activities.
d.210,000 cash provided by investing activities, and $320,000 cash disbursed for investing activities.