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24-01-2024
Business

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Technologies Worldwide acquired land for $850,000 in 2023 with the intention of expanding operations. In 2024, the company reevaluates its needs and decides to sell the land for $900,000. Determine the investing cash flows to be reported in 2024. Also, calculate the investing cash flows to be reported in 2024 if the land was purchased in 2023 for $950,000?

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