Question: Blossom Corp. uses the direct method to prepare its statement of cash flows. Blossom's trial balances at December 3 1 , 2 0 2 5
Blossom Corp. uses the direct method to prepare its statement of cash flows. Blossom's trial balances at December and are as follows.
tableDecember DebitsCash$$Accounts receivable,InventoryProperty plant, and equipment,Unamortized bond discount,Cost of goods sold,Selling expenses,General and administrative expenses,Interest expense,Income tax expense,$$Question of
tableCreditsAllowance for doubtful accounts,$$Accumulated depreciationplant assets,Accounts payable,Income taxes payable,Deferred tax liability, callable bonds payable,Common stock,Paidin capital in excess of par,Retained earnings,Sales revenue,$$
Additional information:
Blossom purchased $ in equipment during
Blossom allocated onethird of its depreciation expense to selling expenses and the remulinder to general and administrative expenses.Blossom allocated onethird of its depreciation expense to selling expenses and the remainder to general and administrative expenses.
Bad debt expense for was $ and writeoffs of uncollectible accounts totaled $
Determine what amounts Blossom should report in its statement of cash flows for the year ended December for the following items.
a Cash collected from customers. $
b Cash paid to suppliers.
$
c Cash paid for interest.
$
d Cash paid for income taxes.
$
e Cash paid for selling expenses. $
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