Land costing $140,000 was sold for $173,000 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?
a. $173,000
b. $313,000
c. $33,000
d. $140,000

The capital balances, prior to the liquidation of the benjamin, gaynor, megan partnership, were as follows: benjamin, capital $100,000gaynor, capital $120,000megan, capital $175,000benjamin, gaynor, and megan share profits and losses in the ratio of 25%, 40%, 35%. as a result of a loan, the partnership owes gaynor $80,000. using the information above, which partner has the highest loss absorption power (lap) prior to liquidation? a. gaynorb. meganc. benjamind. both gaynor and megan have the same lap