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29 September, 09:25

Vargas company sold a piece of land for $39,000 that had originally cost $32,500. this event would:

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  1. 29 September, 10:25
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    Given that the piece of land had an initial cost of $32,500 and Vargas company sold it for $39,000. The profit realizable will be:

    Profit=Buying price-selling price

    =39000-32500

    =$6500

    This implies that this event would give the company a profit of $6500, the event will not affect the operating income and increase cash flows from investing activities by $39,000 hence the answer is:

    D] all of these answer choices are correct.
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