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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

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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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