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Question 2 (10 marks) Given sales revenue of $200,000, how can it be determined whether or not $200,000 cash was received from customers? (3 marks)
Question 2 (10 marks)
- Given sales revenue of $200,000, how can it be determined whether or not $200,000 cash was received from customers? (3 marks)
- Investing activities include the acquisition and disposition of assets. Provide four specific examples. Why purchase of inventory is not considered as investing activities? (4 marks)
- What are the three broad classes of cash flows. Why this classification is needed? (3 marks)
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