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MNO's Books for the Period Ended December 31, 2012, Contained

Question 130

Essay

MNO's books for the period ended December 31, 2012, contained the following data:  Net income (net of $15,000 depreciation expense) $20,000 Issued common shares tor cash 3,500 Sold capital asset for cash at book values, $3,000; gain 0 Sold long-term investment (cost of $5,000 ) tor $6,000 cash; gain. (Cost method was used) 1,000 Paid a cash dividend (declared earlier) 2,000 Paid long-term debt with cash (principal only) 5,000 Purchased an investment in securities available for sale 4,500\begin{array} { | l | l | } \hline \text { Net income (net of } \$ 15,000 \text { depreciation expense) } & \$ 20,000 \\\hline \text { Issued common shares tor cash } & 3,500 \\\hline \text { Sold capital asset for cash at book values, } \$ 3,000 \text {; gain } & 0 \\\hline \text { Sold long-term investment (cost of } \$ 5,000 \text { ) tor } \$ 6,000 \text { cash; gain. (Cost method was used) } & 1,000 \\\hline \text { Paid a cash dividend (declared earlier) } & 2,000 \\\hline \text { Paid long-term debt with cash (principal only) } & 5,000 \\\hline \text { Purchased an investment in securities available for sale } & 4,500 \\\hline\end{array} Under IFRS, the net inflow (outflow) in cash from investing and financing activities (respectively) during 2012 was:
Note: Under IFRS, dividends received may also be classified as operating cash flows.

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Investing Cash Outfl...

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