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Blossom Companyreported the following information for 2017. Additional information: 1.Operating expenses include depreciation expense of $40,160. 2.Land was sold at its book value for cash.
Blossom Companyreported the following information for 2017.
Additional information:
1.Operating expenses include depreciation expense of $40,160.
2.Land was sold at its book value for cash.
3.Cash dividends of $85,680were declared and paid in 2017.
4.Equipment with a cost of $166,220was purchased for cash. Equipment with a cost of $51,060and a book value of $35,860was sold for $33,860cash.
5.Bonds of $50,290were redeemed at their face value for cash.
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