Question

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

Answer 1

Total cash inflows = $95,000

Step-by-step 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