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Splish Corporation uses IFRS to prepare its 2021 statement of cash flows. It has elected to prepare the statement using the indirect method and to
Splish Corporation uses IFRS to prepare its 2021 statement of cash flows. It has elected to prepare the statement using the indirect method and to classify dividends paid as financing activities and interest paid as operating activities on the statement of cash flows. A list of the activities that occurred during the year is as follows: For each of the above activities, indicate the following: i) which section of the statement of cash flows is affected if any operating, investing and financing); ii) the amount and the effect on the statement of cash flows (increase, decrease or no effect on cash flows) Section of Statement of Cash Flows Effect 1. Decrease in accounts receivable of $2.200 Purchase of a FV-NI Financing Section 2. Investing Section investment for $6,100 Operating Section Sale of a FV-Nl investment for $10,800 Loss on sale of $1,000 Goodwill impairment loss 4. of $2,900 Decrease in dividends payable of $2,200 6. Purchase of land for $136,000 Issue common shares for 7. $57,000 Conversion of bond 8. payable into common shares 3. > 5. V e Textbook and Media Save for Later Attempts: 0 of 2 used Submit
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