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Additional information for Bora Bora Corporation: - Equipment was purchased for $98,000 during the year....

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Accounting

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Additional information for Bora Bora Corporation: - Equipment was purchased for $98,000 during the year. - Equipment with a carrying amount of $76,000 was sold for proceeds of $74,000. - Bora Bora bought $8,000 of long-term investments. Required (24 marks): Using the indirect method, prepare a complete statement of cash flows for the year ended December 31, 2022, for Bora Bora Corporation. Additional information for Bora Bora Corporation: - Equipment was purchased for $98,000 during the year. - Equipment with a carrying amount of $76,000 was sold for proceeds of $74,000. - Bora Bora bought $8,000 of long-term investments. Required (24 marks): Using the indirect method, prepare a complete statement of cash flows for the year ended December 31, 2022, for Bora Bora Corporation. 7) Bora Bora Corporation is a private

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