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Using the financial statements below, determine: 1. The amount of cash flow from or (used) in operations (2 marks) Please note: there were no disposals

Using the financial statements below, determine: 1. The amount of cash flow from or (used) in operations (2 marks) Please note: there were no disposals of property plant and equipment during the year and interest expense is treated as a non financial item. Data Set Atlas Corporation Balance Sheet as at December 31 Assets Cash Accounts Receivable Inventories Current Assets Plant and Equipment Less Accumulated Amortization Net Plant and Equipment Total Assets 2019 $120,000 490,000 700,000 1,310,000 1,050,000 290,000 760,000 $2,070,000 2020 $160,00 750,00 885,00 1,795,00 1,175,00 590,00 585,00 $2,380,00
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Using the financial statements below, determine: 1. The amount of cash flow from or (used) in operations ( 2 marks) Please note: there were no disposals of property plant and equipment during the year and interest expense is treated as a non financial item. Data Set Atlas Corporation Balance Sheet as at December 31 $129,000$429,000($101,000)$199,000 Accounts Payable Accrued Expenses Current Liabilities Bonds Payable Total Liabilities \begin{tabular}{rrr} $840,000 & & $1,065,0 \\ 30,000 & 20,0 \\ \cline { 1 - 1 } & 1,085,0 \\ 700,000 & 490,0 \\ \hline 1,570,000 & & 1,575,0 \end{tabular} Common Stock \begin{tabular}{rr} 100,000 & 300,0 \\ 400,000 & 505,0 \\ \hline 500,000 & 805,0 \end{tabular} Total Liabilities' and Shareholders' Equity $2,070,000 $2,380,0 $129,000 $429,000 ($101,000) $199,000 Question 24 (2 points) The amount of cash flow from or (used) in investing ( 2 marks) $125,000 $0 $300,000 $175,000 Question 25 (2 points) The amount of cash flow from or (used) in financing ( 2 marks) ($210,000) $200,000 ($10,000) ($34,000)

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