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Q2. (20 marks) Zahra Company had the following transactions during the year: Net Loss($36,000) Depreciation$28,000 Increase in accounts receivable535,000 Decrease in inventories$14,500 Increase in accounts

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Q2. (20 marks) Zahra Company had the following transactions during the year: Net Loss($36,000) Depreciation$28,000 Increase in accounts receivable535,000 Decrease in inventories$14,500 Increase in accounts payable$34,000 Decrease in income taxes payableS6,700 Decrease in wages payable$1,800 Proceeds on Sale of Equipment$380,000 Repayment of bonds$250,000 Issuance of Common shares$100,000 Proceeds on sale of land $150,000 Gain on sale of land $20,000 Payment of dividends$10,000 Calculate Investing and Financing Cashflows for the company. Comment on the importance of both sections for the business

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