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On July 15, 2016, M.W. Morgan Distribution sold land for $42.5 million that it had...

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Accounting

On July 15, 2016, M.W. Morgan Distribution sold land for $42.5 million that it had purchased in 2011 for $31.0 million.

a.

What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2016, using the direct method?

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