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During the month of February, Farness Company had the following transactions: ( 1 ) Revenues of $ 2 2 5 , 0 0 0 were
During the month of February, Farness Company had the following transactions:
Revenues of $ were earned and received in cash.
Bank loans of $ were paid off.
New bank loans of $ were incurred.
Equipment of $ was purchased with cash.
Equipment was sold for its book value of $ Cash was received.
Expenses of $ were paid.
Stockholders purchased additional shares for $ cash.
A statement of cash flows for February, would report net cash flows from financing activities of:
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