Firefly Inc. sold land for $225,000 cash. The land had been purchased five years earlier for $275,000. The loss on the sale was reported on the income statement. On the statement of cash flows, what amount should Firefly report as an investing activity from the sale of the land?
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Firefly Inc. sold land for $225,000 cash. The land had been purchased five years earlier for $275,00...
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