Blossom adheres to ASPE. Based on the above information, and using the direct method, the cash provided by (used in) operating activities to be reported on Blossom's 2023 statement of cash flows?

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Blossom Inc., a service organization, reports the following for calendar 2023: Service revenue $527200 Cash received from customers 452400 Interest payments (on long-term debt) 15000 Salaries and wages paid to employees 159100 Purchase of new equipment for cash 241200 Cash dividends paid 31000 Payments for office rental & general expenses 213000 Income taxes paid 25300 Net income 68100 Blossom Inc., a service organization, reports the following for calendar 2023: Service revenue $527200 Cash received from customers 452400 Interest payments (on long-term debt) 15000 Salaries and wages paid to employees 159100 Purchase of new equipment for cash 241200 Cash dividends paid 31000 Payments for office rental & general expenses 213000 Income taxes paid 25300 Net income 68100

Answer rating: 100% (QA)

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