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How are the effects of these transactions reported

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Reference no: EM13509711

Land transactions on the statement of cash flows

Pilot Corporation purchased land for $480,000. Later in the year, the company sold land with a book value of $288,000 for $328,000. How are the effects of these transactions reported on the statement of cash flows?

 

Reference no: EM13509711

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How are the effects of these transactions reported : Pilot Corporation purchased land for $480,000. Later in the year, the company sold land with a book value of $288,000 for $328,000. How are the effects of these transactions reported on the statement of cash flows?
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