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Question 6 (8 Marks) The statement of financial position of Cart Inc. indicates the following changes in account balances: a) Increase in long-term investment: b)
Question 6 (8 Marks) The statement of financial position of Cart Inc. indicates the following changes in account balances: a) Increase in long-term investment: b) Decrease in common shares: c) Increase in accounts receivable: d) Increase in equipment: e) Decrease in accounts payable: f) Increase in taxes payable: g) Increase in long-term debt: h) Increase in depreciation expense: Required: Indicate whether the above changes represent a cash inflow, cash outflow or is a non-cash activity
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