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Selected information from Blossom Ltd . ' s statement of financial position and statement of income is as follows: Blossom Ltd . Statement of Financial
Selected information from Blossom Ltds statement of financial position and statement of income is as follows:
Blossom Ltd
Statement of Financial Position partial
December
Current assets
Current liabilities
Blossom Ltd
Statement of Income
Year Ended December
Additional information:
The bank loan was received in the past to finance the purchase of equipment.
Operating expenses included depreciation expense of $ and a loss of $ on the disposal of equipment.
a Prepare the operating activities section of the statement of cash flows using the indirect method. Show amounts that decrease cash
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