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Aquamarine Inc. is a manufacturer of perfumes and has several retail outlets throughout Europe. The company uses IFRS to report its financial statements and it
Aquamarine Inc. is a manufacturer of perfumes and has several retail outlets throughout Europe. The company uses IFRS to report its financial statements and it recently entered into the following transactions: Transaction 1: Borrowed money from a bank for the purchase of inventory worth $180,000. Transaction 2: Made sales amounting to $990,000, of which $38,000 were made on credit. Transaction 3: Invested excess cash amounting to $12,000 in securities classified as held for -trading and $8,000 in securities classified as held to-maturity, Transaction 4: Paid dividends amounting to $130,000. Transaction 1 will most likely: Increase Aquamarine's cash flow from operating activities by $180,000. O Increase Aquamarine's cash flow from financing activities by $180,000. Decrease Aquamarine's cash flow from investing activities by $180,000
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