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Blue Mountain Distillery Inc. accountants have assembled the following data for the year ended June 30, 2020. (Click the icon to view the data.) Prepare
Blue Mountain Distillery Inc. accountants have assembled the following data for the year ended June 30, 2020. (Click the icon to view the data.) Prepare only the operating activities section of Blue Mountain Distillery Inc.'s cash flow statement for the year ended June 30, 2020. Blue Mountain uses the indirect method for operating cash flows. (Use parentheses or a minus sign for numbers to be subtracted or a net cash outflow.) Blue Mountain Distillery Inc. Cash Flow Statement (partial) For the Year Ended June 30, 2020 Cash flows from operating activities Add (subtract) items that affect net income More Info $ 22,000 44,000 ] . 64,000 en 15,000 Payment of dividends Cash receipt from issuance of common shares Increase in current assets other than cash Repurchase of Blue Mountain Distillery shares Net income Purchase of equipment. Decrease in current liabilities Payment of note payable. Cash receipt from sale of land Amortization expense 108,000 98,000 13,000 62,000 138,000 38,000 Print Done qu Blue Mountain Distillery Inc. accountants have assembled the following data for the year ended June Blue Mountain Distillery Inc. Cash Flow Statement (partial) For the Year Ended June 30, 2020 Cash flows from operating activities Add (subtract) items that affect net income and cash flow differently: Net cash inflow (outflow) from operating activities
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