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Pilot corporation purchased land for 480000 later in the

Land transactions on the statement of cash flows

Pilot Corporation purchased land for $480,000. Later in the year, the company sold land with a book value of $288,000 for $328,000. How are the effects of these transactions reported on the statement of cash flows?

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Financial Accounting: Pilot corporation purchased land for 480000 later in the

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Financial Accounting: Pilot corporation purchased land for 480000 later in the

Reference No:- TGS0777646

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