se $11-1$c: Polluter Corp.

Page $2$

equired:

What is the appropriate classification in the statement of cash flows in the Company's D ecember $31,20$X$0,$ financial statements for its purchase of $202$ EAs from Clean Air C orp.?

What is the appropriate classification in the statement of cash flows in the Company's D ecember $31,20$X$0,$ financial statements for its sale of $20$X$6$ EAs to Dirty Chemical Corp.?

If the Company reported its results pursuant to IFRSs rather than U$.$S$.$ GAAP, how would the Company record the purchase and sale of its EAs differently?