Additional information for 2 0 2 1 : 1 . Purchase investment in bonds for $ 1
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Additional information for : Purchase investment in bonds for $ Sell land costing $ for only $ resulting in a $ loss on sale of land. Purchase $ in equipment by issuing a $ long term note payable to the seller. No cash is exchanged in the transaction. Declare and pay a cash divident of $ Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note: List cash outflows and any decrease in cash as negative amountsThe income statement, balance sheets, and additional information for Video Phones, Inc., are provided.
VIDEO PHONES, INC.
Income Statement
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