Question
Blossom Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Long-term investments $150 $85 Land 260 260 Buildings 350 350 Accumulated
Blossom Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Long-term investments $150 $85 Land 260 260 Buildings 350 350 Accumulated depreciation-buildings 90 80 Equipment 570 395 Accumulated depreciation-equipment 300 300 Additional information: 1. Long-term investments were purchased during the year; none were sold. 2. Equipment was purchased during the year. In addition, equipment with a cost of $150 and a carrying amount of $70 was sold at a gain of $30 Prepare the investing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis eg (15,000).) BLOSSOM CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Investing activities
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