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Revolution Tractors has the following activities during 2021: 1. Reported net income of $13,000. 2. Paid cash to purchase land to use as a
Revolution Tractors has the following activities during 2021: 1. Reported net income of $13,000. 2. Paid cash to purchase land to use as a parking lot for $10,000 3. Received dividends of $2,000 on stock investments. 4. Paid dividends of $3,000 5. Borrowed $7,000 from the bank.. 6. Paid interest on the loan in the amount of $500 7. Recorded an increase in current assets other than cash of $6,000. 8. Recorded a decrease in current liabilities of $5,000. 9. Depreciation and amortization expense is equal to $7,000. In Revolution's 2021 statement of cash flows, cash flow from financing activities is an inflow of: $4,000 $7,000 $9,500 $14,500
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