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Cash Flow Statement Behlen Industries began operations on January 1,2019. Its post-closing trial balance...

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Accounting

Cash Flow Statement
Behlen Industries began operations on January 1,2019. Its post-closing trial balance at December 31,2019 and 2020, is shown below along with some additional information.
Other information regarding Behlen Industries and its activities during 2020:
Assume all accounts have normal balances.
Cash dividends were declared and paid during the year. No share dividends were declared or distributed.
Plant assets (PPE) worth $176,000 were purchased during the year by paying cash of $46,000 and issuing a long-term note payable for the balance.
Plant assets (PPE) were sold during the year.
A cash payment was made on the note payable.
Common shares were issued.
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