Page 67 - CFA Lecture Day 8 Slides
P. 67
Session Unit 7:
26. Understanding Cash Flow Statements (B)
tanties
B. 120 – 2 + 25 + 20 – 10 + 7 – 5 + 15 = $170. Note that the
profit on the sale of land should be subtracted from net
income because this transaction is classified as investing,
not operating.
