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Cullumber Corp. is a private company reporting under ASPE. The following selected accounts are from the general ledger for m year ended December 31,
Cullumber Corp. is a private company reporting under ASPE. The following selected accounts are from the general ledger for m year ended December 31, 2021: Jan. 1 July 31 Dec. 31 Nov. 10 Equipment Aug. 23 111,800 27.950 Nov. 10 119,970 Accumulated Depreciation-Equipment Jan. 1 16,340 Dec. 31 Dec. 31 19,780 Retained Earnings Jan. 1 3.440 Dec. 31 Dec. 31 50,310 14,190 48.160 55,900 36.120 88.580 Aug. 23 Retained Earnings Jan. 1 3,440 Dec. 31 Dec. 31 Additional information: July 31 Aug. 23 Nov. 10 Dec. 31 Dec. 31 55,900 36,120 88,580 Equipment was purchased for cash. A cash dividend was paid. A loss of $1,290 was incurred on the sale of equipment. Depreciation expense was recorded for the year. Closing entries were recorded. From the postings in the above accounts and additional information provided, indicate what information would be reported in investing and/or financing activities sections of the cash flow statement. (Show amounts that decrease cash flow with either a-sigm -15,000 or in parenthesis e.g. (15,000).) CULLUMBER CORP. Cash Flow Statement (Partial) acer Address 7 HOMEWORK (FOR MARKS) Question 6 of 8 investing and/or financing activities sections of the cash flow statement. (Show amounts that decrease cash flow with either a-signes. -15,000 or in parenthesis e.g. (15,000).) Textbook and Media CULLUMBER CORP. Cash Flow Statement (Partial) $ acer $ Address -/1 E
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