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Based on the following information, compute cash flows from investing and financing activities under IFRS. Cash collections from customers Purchase of used equipment Depreciation expense
Based on the following information, compute cash flows from investing and financing activities under IFRS. Cash collections from customers Purchase of used equipment Depreciation expense Sale of investments Dividends received Interest received $820 240 204 470 120 204 Purchase of investments Dividends paid Interest paid Additional borrowing from bank $ 270 1,240 420 2,840 Required: a. Calculate the maximum investing cash flows that could be reported under IFRS. b. Calculate the maximum financing cash flows that could be reported under IFRS. a Maximum Investing Cash flows b. Maximum Financing Cash flows
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