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You have nartial information from an entitv financial statements as follows: Required 1) Calculate the cash collected from customers in 2024. 2) Calculate the cash
You have nartial information from an entitv financial statements as follows: Required 1) Calculate the cash collected from customers in 2024. 2) Calculate the cash paid to suppliers for purchase of inventory. 3) One FV-NI investment was sold during the year. Its carrying value at the beginning of the year was: $125,000 Calculate the NET cash generated/used up by the sales and purchases of FV-NI investments. 4) Equipment costing $40,000 was purchased during the year. Half of this amount was paid in cash, and half was financed by issuing a note payable. Calculate the NET cash generated/used up by sales/purchases of equipment
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