On suly 15, 2021, MW. Morgan Distribution sold land for $45.0 million that it had...
80.2K
Verified Solution
Question
Accounting
On suly 15, 2021, MW. Morgan Distribution sold land for $45.0 million that it had purchased in 2016 for $29.0 million. Required: What would be the amountis) felated to the sale that Morgan would report in its statement of cash flows for the year ended Decernber 31, 2021, using the direct method? The indirect method? Compiete this quention by entering your answers in the tabs balow. What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31,2021 , using the direct method? (List any cosh outflows with a minus sign. Enter your answers in mililons reunded to 1 decimal place (i,e.,5,500,000 should be entered as 5.5),) On July 15, 202t, M.W. Morgan Distribution sold land for $45.0 million that it had purchased in 2016 for $29.0 million. Required: What would be the amount('s) related to the sale that Morgan would report in lts statement of cash flows for the year ended December 31, 2021, using the direct method? The indirect method? Complete this question by entering your answers in the tabs balow. What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the indirect method? (Ust any cash outflows with a minus sign. Enter your answers in millions rounded to 1 decimal place (he. 5,500,000 should be entered as 5.5).)


Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.