The following three accounts appear in the general ledger of Blossom Corp. during 2025. From...
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Accounting
The following three accounts appear in the general ledger of Blossom Corp. during 2025. From the postings in the accounts, indicate how the information is reported by preparing a partial statement of cash nows using the indirect method. The loss on disposal of plant assets was $6,800. (\$how amounts that decrease cosh fow with either d stgn es: 15,000 or in parenthesises (15,000)) Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment 198900 41650 Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends 11,900 Net Cach Used by Financine Activities
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