Tryout Corporation's balance in its land account, which represented one piece of land, was $100,000. During the year, the piece of land was sold for $165,000. The amount reported in the investing activities section of the statement of cash flows would be:
A)$100,000.
B)$165,000.
C)$ 65,000.
D)none of the above.

Question

Quizplus · Accepted Answer

The amount reported in the investing activities section of the statement of cash flows is the cash received from the sale of the land, which is $165,000.

Tryout Corporation's Balance in Its Land Account, Which Represented One