in Year 1, Evelyn’s Cookware Company sold land for $208,000 cash. The land had originally cost $127,200. Also, Evelyn’s sold inventory that had cost $64,000 for $98,000 cash. Operating expenses amounted to $28,200. In a multi step income statement what would the "Gain on the sale of land" be?? The answer isn't 81,000 pls help

in Year 1, Evelyn’s Cookware Company sold land for $208,000 cash. The land had originally cost $127,200. Also, Evelyn’s sold inventory that had cost $64,000 for $98,000 cash. Operating expenses amounted to $28,200. In a multi step income statement what would the "Gain on the sale of land" be?? The answer isn't 81,000 pls help

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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