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Compute how are effects of transaction reported on statement

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Reference no: EM132740064

Land Transactions on the Statement of Cash Flows

Easterly Corporation purchased land for $279,000. Later in the year, the company sold a different piece of land with a book value of $167,000 for $152,000.

Problem 1: How are the effects of these transactions reported on the statement of cash flows assuming the indirect method is used?

Reference no: EM132740064

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