Slocum Corporation purchased land for $600,000. Later in the year, the company sold land with a book value of $360,000 for $410,000. How are the effects of these transactions reported on the statement of cash flows?

Slocum Corporation purchased land for $600,000. Later in the year, the company sold land with a book value of $360,000 for $410,000. How are the effects of these transactions reported on the statement of cash flows?

Verplank Corporation purchased land for $340,000. Later in the year, the company sold land with a book value of $145,000 for $110,000. How are the effects of these transactions reported on the statement of cash flows?

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