Using the data from M12-6, calculate the maximum investing cash inflows that could be reported under IFRS. Using data from M12-7, calculate the maximum financing cash flows that could be reported under IFRS.
In exercise 6
Cash collections from customers...................$800
Purchase of used equipment..........................200
Depreciation expense..................................200
Sale of investments....................................450
Dividends received....................................100
Interest received.......................................200
In exercise 7
Purchase of investments.......................................$ 250
Dividends paid..................................................1,200
Interest paid.......................................................400
Additional borrowing from bank............................2,800