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Land costing $69,500 was sold for $91,000 cash. The loss on the sale was reported...

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Question

Accounting

Land costing $69,500 was sold for $91,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?

a.$91,000

b.$69,500

c.$160,500

d.$21,500

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