Question 6 The following are selected statement of financial position accounts of Concord Ltd at December 31, 2019 and 2020, and the increases or decreases in each account from 2019 to 2020 Also presented is the selected income statement and other information for the year ended December 31, 2020 Statement of Financial Position (selected accounts) Assets 2020 2019 Increase (Decrease) Accounts receivable $84,600 $73,400 $11,200 FV NI investments 39,750 49,800 (10,050 ) Property, plant, and equipment 180,200 148,100 32,100 Accumulated depreciation (81,800 ) (67,900 ) 13,900 Liabilities and shareholders equity Bonds payable 151,300 146,900 4,400 Dividends payable 7,400 5,150 2,250 Common shares 31,300 21,800 9,500 Retained earnings 107,400 91,550 15,850 Income Statement (selected information) For the Year Ended December 31, 2020 Sales revenue $314,000 Depreciation expense 34,000 Gain on disposal of FV NI investments 4,800 Unrealized loss on FV NI investments 3,800 Gain on disposal of equipment 14,600 Net income 31,500 Additional information 1 During 2020, equipment costing $44,300 was sold for cash 2 Accounts receivable relate to sale of inventory 3 During 2020, $20,400 of bonds payable were issued in exchange for property, plant, and equipment All bonds were issued at par 4 During the year, short term investments accounted for at FV NI with a carrying amount of $18,050 were sold Additional investments were purchased Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items, assuming Concord Ltd follows IFRS and has chosen to report cash dividends received and paid as operating activities and interest received and paid as operating activities 1 Cash received from customers amount 2 Payments for purchases of property, plant, and equipment amount 3 Proceeds from the sale of equipment amount 4 Cash dividends paid amount 5 Redemption of bonds payable amount 6 Proceeds from the sale of FV NI investments amount 7 Purchase of FV NI investments amount

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Question 6 The following are selected statement of financial position accounts of Concord Ltd. at December 31, 2019 and 2020, and the increases or decreases

Question 6

The following are selected statement of financial position accounts of Concord Ltd. at December 31, 2019 and 2020, and the increases or decreases in each account from 2019 to 2020. Also presented is the selected income statement and other information for the year ended December 31, 2020.

Statement of Financial Position (selected accounts)
Assets	2020		2019		Increase (Decrease)
Accounts receivable	$84,600		$73,400		$11,200
FV-NI investments	39,750		49,800		(10,050	)
Property, plant, and equipment	180,200		148,100		32,100
Accumulated depreciation	(81,800	)	(67,900	)	13,900
Liabilities and shareholders equity
Bonds payable	151,300		146,900		4,400
Dividends payable	7,400		5,150		2,250
Common shares	31,300		21,800		9,500
Retained earnings	107,400		91,550		15,850

Income Statement (selected information) For the Year Ended December 31, 2020
Sales revenue		$314,000
Depreciation expense		34,000
Gain on disposal of FV-NI investments		4,800
Unrealized loss on FV-NI investments		3,800
Gain on disposal of equipment		14,600
Net income		31,500

Additional information:

1.		During 2020, equipment costing $44,300 was sold for cash.
2.		Accounts receivable relate to sale of inventory.
3.		During 2020, $20,400 of bonds payable were issued in exchange for property, plant, and equipment. All bonds were issued at par.
4.		During the year, short-term investments accounted for at FV-NI with a carrying amount of $18,050 were sold. Additional investments were purchased.

Determine the category (operating, investing, or financing) and the amount that should be reported in the statement of cash flows for the following items, assuming Concord Ltd. follows IFRS and has chosen to report cash dividends received and paid as operating activities and interest received and paid as operating activities.

1.Cash received from customers amount?

2.Payments for purchases of property, plant, and equipment. amount?

3.Proceeds from the sale of equipment. amount?

4.Cash dividends paid.amount?

5.Redemption of bonds payable. amount?

6.Proceeds from the sale of FV-NI investments. amount?

7.Purchase of FV-NI investments. amount?