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12-12-2022
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g aboud architecture purchased land for $853,000 in 2023 with the intent to expand operations. in 2024, the company decides the land is no longer needed, and the land is sold for $906,000. required: 1. determine the investing cash flows to be reported in 2024. 2. determine the investing cash flows to be reported in 2024 if the land was purchased in 2023 for $953,000

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