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Revolution Tractors has the following activities during 2021…

Posted byAnonymous August 26, 2026August 26, 2026

Questions

Revоlutiоn Trаctоrs hаs the following аctivities during 2021: Reported net income of $13,000. Paid cash to purchase land to use as a parking lot for $10,000 Received dividends of $2,000 on stock investments. Paid dividends of $3,000 Borrowed $7,000 from the bank. . Paid interest on the loan in the amount of $500 Recorded an increase in current assets other than cash of $6,000. Recorded a decrease in current liabilities of $5,000. Depreciation and amortization expense is equal to $7,000. In Revolution’s 2021 statement of cash flows, cash flow from investing activities is an outflow of:

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