Solution-Did the amount of cash in-crease or decrease

Did the amount of cash in-crease or decrease

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In a recent business transaction, land was exchanged for cash. Did the amount of cash in-crease or decrease?

The answer depends on the reporting entity to which the question pertains. One entity sold land. The other entity bought land. For the entity that sold land, cash increased. For the entity that bought land, cash decreased.

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Did the amount of cash in-crease or decrease : In a recent business transaction, land was exchanged for cash. Did the amount of cash in-crease or decrease - One entity sold land. The other entity bought land. For the entity that sold land, cash increased. For the entity that bought land, cash d..

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Did the amount of cash in-crease or decrease

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Reference no: EM131096153

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