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Please solve and show work. Problem 21-13 (Algo) Varlous cash flows [LO21-3, 21-4, 21-5, 21-6, 21-7, 21-8] Following are selected balance sheet sccounts of Del
Please solve and show work.
Problem 21-13 (Algo) Varlous cash flows [LO21-3, 21-4, 21-5, 21-6, 21-7, 21-8] Following are selected balance sheet sccounts of Del Conte Corporation at December 31,2024 and 2023, snd the incresses or decresses in esch account from 2023 to 2024 . Also presented is selected income statement information for the yesr ended December 31,2024 , and odditionsl informetion. Additionsl information: 6. Accounts receivable relate to sales of merchandise. b. During 2024, equipment costing $80,000 wos sold for cash. c. During 2024 , bonds poysble with 8 face value of $60,000 were issued in exchange for property, plent, and equipment. There wos no amortizetion of bond discount or premium. Required: Items 1 through 5 represent activities that will be reported in Del Conte's statement of cash flows for the yeor ended December 31 , 2024. The following two responses are required for each item: 8. Determine the amount that should be reported in Del Conte's 2024 statement of cash flows. b. Select the category (i.e., Operating activity, Investing octivity and Financing octivity) in which the omount should be reported in the stotement of cosh flowsStep by Step Solution
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