Answer:
Amount should be reported in investing activities = $173,000
Step-by-step explanation:
Given:
Amount of land costing = $140,000
Sold amount of land = $173,000
Find:
Amount should be reported in investing activities
Computation:
Amount should be reported in investing activities = $173,000
The cash flow statement shows how much money is coming in and going out. The whole amount of cash received, which is 173,000 dollars, will be recorded as proceeds from the sale of land in the investment activity. As a result, the right answer is 173,000.
9x + 4x - 3x
9x + 4x = 13x
13x - 3x = 10x
10x = answer
Hope this helped!
Answer:
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