In 2016 chavez company purchased land for 120000 to use as, Financial Accounting

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In 2016 chavez company purchased land for 120000 to use as

In 2016, Chavez Company purchased land for $120,000 to use as a future site for its new office building. At the end of 2016, the land was worth $135,000. The company decided not to build the new office and sold the land for $132,000 cash in 2017. How does Chavez Company’s sale of land affect its 2017 statement of cash flows?

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