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Required: Prepare the statement of cashflows for the year ended 31 December 2022. Machinery was purchased at a cost of $750,000. The following balances are

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Prepare the statement of cashflows for the year ended 31 December 2022. image text in transcribed

Machinery was purchased at a cost of $750,000. The following balances are reported on Kosinski's 2022 statement of financial position as at 31 December 2022

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