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47. The table below shows certain information from Medrano Company's 2020 accounting records. $850,000 80,000 600,000 200,000 50,000 $10,000 Sale of land Gain on sale

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47. The table below shows certain information from Medrano Company's 2020 accounting records. $850,000 80,000 600,000 200,000 50,000 $10,000 Sale of land Gain on sale of land Purchase of new office building Sale of old office building (at book value) Purchase of investment securities - bonds Interest revenue from bond investments Purchase of 35% of Bolivia Co. outstanding common shares (significant influence) Cash dividends received from Bolivia Co. during the 2020 Cash dividends from various stock investments (no significant influence) Reacquisition of Medrano stock $900,000 35,000 2,000 40,000 Medrano uses the equity method of accounting for the Bolivia investment. The investing activities section of Medrano's 2020 statement of cash flows will report net cash flows of a. out; $363,000 b. in; $400,000 C. out; $500,000 d. in; $15,000 e. None of these answers are correct

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