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The Greene Corp. produced the following data accompanying its financial data for 2022; a. Equipment costing 10,000 with a book value of 8,000 was sold
The Greene Corp. produced the following data accompanying its financial data for 2022; a. Equipment costing 10,000 with a book value of 8,000 was sold for 15,000 b. Motor vehicle costing 40,000 with depreciation of 16,000 was sold at a loss of 5,500 c. The building was revalued during the year. d. No dividend was paid during the year. Required: (a) Prepare the cash flow statement for the year ended 2022. (20 marks) (b) Comment on the performance and financial position of the company, using relevant items in the cash flow statement
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