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The following are the financial statements of Tinsel Town Toys Corp. for the year ended December 31, 20X7. Assume that the company follows IFRS. It

The following are the financial statements of Tinsel Town Toys Corp. for the year ended

December 31, 20X7. Assume that the company follows IFRS. It is recommended that you

prepare the complete statement of cash flows before answering the questions. Round all

calculations to the nearest dollar.

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