15 P 1. Analyze each transaction listed in the table that follows and place X’s in the
appropriate columns to indicate the transaction’s classification and its effect on
cash flows using the indirect method.
16. P5. Lim Corporation engaged in the transactions listed in the first column of
the following table. Opposite each transaction is a ratio and space to indicate the
effect of each transaction on the ratio.
Show that you understand the effect of business activities on performance measures
by placing an X in the appropriate column to show whether the transaction
increased, decreased, or had no effect on the indicated ratio.
Please let me know if you need me to resend the spreadsheets.
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