Final answer:
A decrease in Michal Corp.'s land account by $250,000 is likely reported as an inflow in the investing activities section of the cash flows statement, assuming land sale.
Step-by-step explanation:
If Michal Corp.'s land account decreased by $250,000, and no specific information is provided regarding the decrease, it is likely to be reported in the cash flows statement as an investing activity. This could possibly be due to the sale of land, land being given up in exchange for services, taken by government action with compensation, or other factors leading to a decrease in the land account. Without further details, one could reasonably classify this as a cash inflow from the sale of an asset, assuming the land was sold. This transaction would be listed in the investing activities section unless additional information indicates otherwise.