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Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso. 9. Trenholm. Irvine, and Burnlev PRINTER VERSION - BACK NEXT Brief Exercise 13-9 Blossom Corporation reported

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Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso. 9. Trenholm. Irvine, and Burnlev PRINTER VERSION - BACK NEXT Brief Exercise 13-9 Blossom Corporation reported the following information (in thousands) at December 31, 2018: Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings 2018 2017 $15 $ 10 240 240 SOD 325 660 760 540 Additional information: 1. The bank loan was increased by additional borrowings of $330 to partially finance the purchase of new equipment that cost $540. The bank loan was decreased by repayments. 2. Common shares were issued during the year. None were reacquired. 3. Dividends were paid during the year. 4. Net income for the year was $450. Prepare the financing activities section of Blossom 's statement of cash flows for the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLOSSOM CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Financing activities Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $540 by paying $210 cash and issuing a $ bank loan payable. LINK TO TEXT

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