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In preparing Blossom Inc.'s statement of cash flows for the year ended December 31, 2025, the following amounts were available: Collection of note receivable $621000 Issuance of bonds payable 648000 Purchase of treasury stock (cost) 299000 What amount should be reported on Blossom, Inc.'s statement of cash flows for financing activities? $27000 O $349000 O $1269000 $322000

In preparing Blossom Inc.'s statement of cash flows for the year ended December 31, 2025, the following amounts were available: Collection of note receivable $621000 Issuance of bonds payable 648000 Purchase of treasury stock (cost) 299000 What amount should be reported on Blossom, Inc.'s statement of cash flows for financing activities? $27000 O $349000 O $1269000 $322000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In preparing Blossom Inc.'s statement of cash flows for the year ended December 31, 2025, the following amounts were available: Collection of note receivable $621000 Issuance of bonds payable 648000 Purchase of treasury stock (cost) 299000 What amount should be reported on Blossom, Inc.'s statement of cash flows for financing activities? $27000 O $349000 O $1269000 $322000
Transcribed Image Text:In preparing Blossom Inc.'s statement of cash flows for the year ended December 31, 2025, the following amounts were available: Collection of note receivable $621000 Issuance of bonds payable 648000 Purchase of treasury stock (cost) 299000 What amount should be reported on Blossom, Inc.'s statement of cash flows for financing activities? $27000 O $349000 O $1269000 $322000
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