Manhattan Corporation Provided the Following Partial List of Account Balances

question 4

Essay

Manhattan Corporation provided the following partial list of account balances for Year 2:
The following additional information is also available for Year 2:The company recognized a gain of $8,000 on sale of land that occurred when land that had cost $16,000 was sold for $24,000.The company recognized a loss of $10,000 on the sale of marketable securities.No additional marketable securities were purchased during the year.The company also sold equipment originally costing $6,000 with accumulated depreciation of $4,000 for $3,600.All purchases of land and equipment were made with cash.
Required:Prepare the investing activities section of the statement of cash flows.

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Definitions:

Muscles

Tissues in the body that have the ability to contract, enabling movement and force.

Transduction

The conversion of one form of energy into another form, especially in sensory perception.

Sensory Quality

Characteristics of an object or experience that are perceived through the senses, such as taste, sound, smell, texture, or visual appearance.

False Alarms

In signal detection theory, this refers to instances where a signal is perceived or reported, but no actual signal was present.