If income statement reveals a loss from the sale of land, the loss should be added to net income in the operating activities section.
When loss from the sales of land or property is added to net income, in the statement of cash flows operating activities section, the loss amount will increase the net income.
Loss from the sales of land is a noncash assets as it does not involve cash because no money was paid.
Based on this loss from sales of land does not means that cash was paid rather it means that the company missed the opportunity to gain the amount that was loss.
Inconclusion If income statement reveals a loss from the sale of land, the loss should be added to net income in the operating activities section.
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