The following information is available for Blossom Limited for the year ended December 31, 2024. Blossom follows ASPE Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable increase Inventory decrease Profit for the year Cash received for sale of patent at carrying amount Cash dividends paid Income tax payable decrease Cash used to purchase building Cash received from issuing bonds $69,400 8,000 84,120 9,400 6,000 151,100 47,000 56,400 3,500 312,900 257.100
The following information is available for Blossom Limited for the year ended December 31, 2024. Blossom follows ASPE Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable increase Inventory decrease Profit for the year Cash received for sale of patent at carrying amount Cash dividends paid Income tax payable decrease Cash used to purchase building Cash received from issuing bonds $69,400 8,000 84,120 9,400 6,000 151,100 47,000 56,400 3,500 312,900 257.100
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 47P
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