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What amount should be reported as an investing activity

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Reference no: EM132807025

Problem 1: Land costing $46,000 was sold for $79,000 cash. The gain on the sale was reported on the income statement as other income. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?

a. $79,000

b. $46,000

c. $125,000

d. $33,000

Reference no: EM132807025

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