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The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Additional Information for 2 0 2 4 : Purchased investment in
The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided.
Additional Information for :
Purchased investment in bonds for $
Sold land for $ The land originally was purchased for $ resulting in a $ loss being recorded at the time of the sale.
Purchased $ in equipment by issuing a $ longterm note payable to the seller. No cash was exchanged in the transaction.
Declared and paid a cash dividend of $
Prepare the statement of cash flows for video phones Inc. using the direct method disclose any noncash transactions in accompanying role.
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