What amount should be reported as an investing
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?
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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 is the proper adjusting entry at December 31, the end of the fiscal year, based on supplies account balance before adjustment of $5,200, and supplies inventory on December 31 of $1,200?
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