Question: Selected accounts from the SFP of Norelco Limited at 31

Selected accounts from the SFP of Norelco Limited at 31 December 20X4 and 20X5 are presented below. Norelco reported earnings of $ 280,000 in 20X5. There was a new $ 140,000 of notes payable this year that was direct financing ( a note issued by the vendor) for a piece of machinery.



Required:
List the items that would be included in the SCF from these accounts for 20X5. Include the appropriate section (operating, investing, or financing). List the non- cash item disclosure. Make logical assumptions about unexplained changes inaccounts.
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  • CreatedFebruary 17, 2015
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