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prepare a statement of cash flows for 2025 using the indirect method. ...

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Accounting

prepare a statement of cash flows for 2025 using the indirect method. image
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Shown below are comparative statements of financial position for Bramble Corporation. Additional information: 1. Net income for 2025 was $78,120. There were no gains or losses reported on the statement of income. 2. Cash dividends of $29,400 were declared and paid. 3. Bonds payable amounting to $42,000 were redeemed for cash $42,000. The bonds were originally issued at face value (no premium or discount). 4. Common shares were issued for $35,280 cash. 5. No land was purchased during 2025. 6. No equipment was disposed of during 2025. Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign es: 15,000 or in porenthesis es. (15,000) )

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