Quiz 21.10 – T/F Credit Entry to Land Account

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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A $50,000 credit entry to the Land account in a statement of cash flows represents an increase in that account and does not necessarily indicate selling the asset.

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  • Search Terms: $, a account and assets. cash change credit due enters entry flows, for in is it land negative of one probably represents selling spreadsheet statement such that the to when
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