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Using the Indirect Method, If Land Costing $85,000 Was Sold

question 76

True/False

Using the indirect method, if land costing $85,000 was sold for $145,000, the amount reported in the financing activities section of the statement of cash flows would be $85,000.

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Definitions:

Centre of Gravity

A method used in logistics and supply chain management to find the optimal location of a facility based on minimizing transportation costs.

School District

An organizational entity within a specific geographical area that operates and manages public schools.

Average Distance

A measure used to calculate the mean distance between points in a dataset, often used in logistics and planning.

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