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24 November, 13:47

Marten Company's records indicate that, during the current year, land costing $50,000 was sold. A gain of $45,000 was recognized on the sale. Cash inflows associated with this sale were

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  1. 24 November, 13:51
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    Total cash inflows = $95,000

    Explanation:

    Given:

    Cost of land for the year = $50,000

    Total gain on sold of land = $45,000

    Total cash inflows = ?

    Computation of Total cash inflows;

    Total cash inflows = Cost of land for the year + Total gain on sold of land

    Total cash inflows = $50,000 + $45,000

    Total cash inflows = $95,000

    Therefore, total cash inflows during the year is $95,000
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