question archive 1) If you were just starting your own business, what steps might you take to minimize the possibility of failure through over-trading? 2

1) If you were just starting your own business, what steps might you take to minimize the possibility of failure through over-trading? 2

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1) If you were just starting your own business, what steps might you take to minimize the possibility of failure through over-trading?


2. What information does the cash flow statement provide that is not available from the statement of financial position or the statement of financial performance?

 

3. INTERMEDIATE

6.7 102/3

Classify each of the following items as:

(a) cash or non-cash

(b) if cash, whether an inflow or outflow

(c) if cash, what type of activity (operating, investing, financing).

Cash or non-cash Inflow or outflow Activity

A Credit sales to customers

B Cash received from customers

C Interest paid

D Increase in long-term loan

E Advance to employees

F Bonus issue of shares

G Profit on sale of equipment

H Purchase of equipment

I Depreciation of equipment

J Revaluation upwards of land

K Proceeds on sale of equipment

L Cash paid to suppliers

M Interest received

Classify each of the following items as: 
(a) cash or non-cash 
(b) if cash, whether an inflow or outflow 
(c) if cash, what type of activity (operating, investing, financing). 

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