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Q5 Problem Solving (15 marks) Selected accounts from the SFP of Rad Ltd. at 31 December 2005 and 20X4 are presented below. Equipment with an
Q5 Problem Solving (15 marks) Selected accounts from the SFP of Rad Ltd. at 31 December 2005 and 20X4 are presented below. Equipment with an original cost of $200,000 and net book value of $20,000 was sold for $48,000. Other equipment was sold for cash. FVTPL investments with a carrying value of $60,000 were sold for $60,000. There were no other purchases or sale of investments. 20X5 20X4 As at 31 December Assets FVTOCI investments FVTPL investments Equipment Accumulated depreciation, equipment $ 600,000 1,200,000 2,120,000 (1,080,000) $ 480,000 800,000 1,600,000 (920,000) Required: List the items that would be included in the SCF from these accounts for 20X5. Include the appropriate section (operating, investing, or financing). (Enter your answers in thousands.)
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