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Question 2 The financial year for Neverless Limited ends on 30 June 2020. During the month of June 2020, the company incurred the transactions below.
Question 2 The financial year for Neverless Limited ends on 30 June 2020. During the month of June 2020, the company incurred the transactions below. Indicate the effect (increase/decreaseo effect) of each transaction on the company's cash flow from operating activities, investing activities and financing activities for the year ended 30 June 2020. Operating Investing Financing 1. Sold old equipment for $20,000. The equipment originally cost $300,000 with accumulated depreciation at the time of sale of $250,000. 2. Declared dividends of $80,000 to be paid next financial year
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