Please do not give solution in image format thanku Blossom Corporation reported the following information (in thousands) at December 31, 2024:Long-term investmentsLandAdditional information:BuildingsAccumulated depreciation-buildingsEquipment540Accumulated depreciation-equipment 2001.2Cash Flows from Investing ActivitiesPurchase of Long-term Investments2024Purchase of Equipment$200230Disposal of Equipment330Net Cash Used by Investing Activities902023$95230The company purchased long-term investments during the year; none were sold.The company purchased equipment during the year and sold some equipment that cost $110 and had a carrying amount of$60 for a gain of $15.330Prepare the investing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow witheither a sign e.g.-15,000 or in parenthesis e.g. (15,000).)65395200BLOSSOM CORPORATIONStatement of Cash Flows (Partial)($ in thousands)Year Ended December 31, 2024

The cash flow statement is prepared to record the cash flow from various activities during the…

Long-term investments Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Additional information: 1. 2 2024 2023 $200 $95 230 330 90 540 200 230 330 65 395 200 The company purchased long-term investments during the year; none were sold. The company purchased equipment during the year and sold some equipment that cost $110 and had a carrying amount of $60 for a gain of $15. Prepare the investing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) BLOSSOM CORPORATION

Long-term investments Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Additional information: 1. 2 2024 2023 $200 $95 230 330 90 540 200 230 330 65 395 200 The company purchased long-term investments during the year; none were sold. The company purchased equipment during the year and sold some equipment that cost $110 and had a carrying amount of $60 for a gain of $15. Prepare the investing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) BLOSSOM CORPORATION

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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