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the questions which are highlighted by a green highlighter In addition, Lau Py Lid's statement of profit or loss reported again on the sale of
the questions which are highlighted by a green highlighter
In addition, Lau Py Lid's statement of profit or loss reported again on the sale of equipment of $4500. What amount was reported on the statement of cash flows as 'cash flow from sale of equipment'? BE11.7 Answer questions related to the phases of product life cycle. LO4 (a) Why is cash from operations likely to be lower than reported profit during the growth phase? (b) Why is cash from investing often positive during the late maturity phase and during the decline phase? (c) Why is cash from financing often positive during introductory and growth phases? EXERCISES E11.1 Classify transactions by type of activity, LO2 Wilderness Equipment Lad had these transactions during 2018: (a) Purchased a machine for 537 500, giving a long-term note in exchange. (b) Issued ordinary shares for $62 500 in cash. (c) Collected S20000 of accounts receivable. (d) Declared and paid a cash dividend of 531 250 (e) Sold a long-term investment with a cost of S18 750 for $18750 cash ( Convertible notes with a carrying amount of $250 000 were converted to ordinary shares at $250 000. (g) Paid 522 500 on accounts payable Required (a) Analyse the above transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities or financing activities, or was a non-cash invest ing and financing activity. (b) What are the differences between operating investing and financing activities? $11.2 Prepare the operating activities section - Indirect method. Madonna Lid reported profit of $200 000 for 2018. Madonna Lid also reported depreciation accounts payable, and a 55000 increase in prepaid expenses Required LOS expense of 535 000 and a loss of 55000 on the sale of equipment. The statement of financial position is an increase in accounts receivable of SISOO for the year, an S8000 increase in The information in the following table is from the statement of cash flows for an entity at our different points in time (A. B. Cand Di. Negative values are presented in parenthesesStep by Step Solution
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