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The following three accounts appear in the general ledger of Bridgeport Corp during
tableEquipmentIan Bal.,Nov. Cost of equipment sold,July Purchase of equipment,Sept Purchase of equipment,Bal:
tableAccumulated DepreciationEquipmentJan tal,Dec. Depreciation for year,tableNov Accumbilated depreciationon equlpment soldBall
tableRetained EarningsJn Bal.,Dec Net income,Aug Dividends cashcit,Gal
From the postings in the accounts, indicate how the information is reported by preparing a partial statement of cash flows using the indirect methad. The loss on disposal of plant axkets was $Show amounts that decrease cash flow with either a sian es or in parenthesis eg
BRIDGEPORT CORP.
Statement of Cash Flows Partiel Indirect Method
$
Adjustments to reconcile net income to
