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20 October, 04:25

When one enters a $50,000 credit entry to the Land account in a spreadsheet for the statement of cash flows, it represents a negative change in that account and probably is due to selling such assets. True or False

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  1. 20 October, 06:55
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    False

    Explanation:

    Since it is a 'Credit entry', which means there is no flow of cash, this would not effect the statement of cash flows.
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