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Gino Cera Associates closed its books for the current year. The firm provided the following comparative balance sheets and income statement. (Click the icon
Gino Cera Associates closed its books for the current year. The firm provided the following comparative balance sheets and income statement. (Click the icon to view the balance sheets.) (Click the icon to view the income statement.) The company sold its indefinite-life intangible assets at their carrying value. Cash was used to acquire land. The debt investments were purchased on December 31 Requirement Prepare the company's cash flow statement for the current year under the indirect method. Present any required disclosures. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for any numbers to be subtracted and/or net cash used by activities. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.)
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