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SethHuddleston SethHuddleston
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5 years ago
Hitchcock Enterprises sold a vacant plot of land for $24,000. The company had paid $5000 for the land ten years ago. On the statement of cash flows, this transaction would be reported as a ________.
A) operating cash inflow of $19,000
B) investing cash inflow of $19,000
C) investing cash flow of $24,000
D) financing cash inflow of $24,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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 C
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You are really a genius. Thanks
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NP
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