a) Indicate whether the following items are cash Inflows cash Outflows or Non Cash Flows (NCF) If it is a cash flow, classify the cash flow as operating, investing or financing 1 Entity exchanges a building for some land 2 Purchased land costing $1,250,000 with deposit 250,000 and mortgage of 1,000,000 3 Sold for $28,000 cash a plant asset with a carrying amount of $30,000 4 Sale of inventory for cash

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Question: a) Indicate whether the following items are cash Inflows / cash Outflows or Non-Cash Flows (NCF). If it is a cash flow, classify the cash

a) Indicate whether the following items are cash Inflows / cash Outflows or Non-Cash Flows (NCF). If it is a cash flow, classify the cash flow as operating, investing or financing.

1	Entity exchanges a building for some land
2	Purchased land costing $1,250,000 with deposit 250,000 and mortgage of 1,000,000
3	Sold for $28,000 cash a plant asset with a carrying amount of $30,000
4	Sale of inventory for cash

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