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Selected accounts from the SFP of Lexy Limited at 31 December 207 and 206 are presented below. During the year, equipment with an original cost
Selected accounts from the SFP of Lexy Limited at 31 December 207 and 206 are presented below. During the year, equipment with an original cost of $166,000 and net book value of $70,600 was sold at a loss of $12,500. Other equipment was purchased for cash. Required: ist the items that would be included in the SCF from these accounts for 20X7. Assume indirect method is used to calculate operating activities section. Required: List the items that would be included in the SCF from these accounts for 207. Assume indirect method is used to calculate operating activities
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