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The John Company sells its delivery truck in the current year. The relevant information is given below: Cost of delivery truck (purchased several years ago):
The John Company sells its delivery truck in the current year. The relevant information is given below: Cost of delivery truck (purchased several years ago): $25,000. Book value of delivery truck: $5,000. Proceeds from the sale of the delivery truck: $4,000. Based on the above information, the operating activities section of the statement of cash flows of the current year would be affected by:
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