Exercise 13.13 Cash Flows from Investing Activities L.O. 4 Part b(b) What impact does equipment sold at a loss, and land sold at a gain have on your calculation? (Select all that apply.)Gain on sale of land is reflected in the cash payments figure. Loss on sale of equipment is reflected in the cash payments figure. Loss or gain will be reflected in neither cash receipts nor cash payments figure. Gain on sale of land is reported separately from cash receipts figure. Loss on sale of equipment is reported separately from cash receipts. The amount of gain or loss is reflected in the cash receipts figure.
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