Fundamental Financial Accounting Concepts
Fundamental Financial Accounting Concepts
10th Edition
ISBN: 9781260159028
Author: Edmonds
Publisher: MCG
Question
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Chapter 12, Problem 8AE

a.

To determine

Determine the cash outflow for the purchase of land during Year 1.

b.

To determine

Prepare the investing activities section of the statement of cash flows for Year 1:

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