Gamma Corporation purchased land for $200,000. Later in the year, the company sold land with a book…


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Gamma Corporation purchased land for $200,000. Later in the year, the company sold land with a book… 1 answer below ยป Gamma Corporation purchased land for $200,000. Later in the year, the company sold land with a book value of $105,000 for $90,000. How are the effects of these transactions reported on the statement of cash flows? Sunrise Corporation purchased land for $500,000. Later in the year, the company sold land with a book value of $320,000 for $375,000. How are the effects of these transactions reported on the statement of cash flows? Sales reported on the income statement were $623,000. The accounts receivable balance increased $48,000 over the year. Determine the amount of cash received from customers. Jul 18 2014 01:00 PM

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