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Problem 1: Which of these transactions of Corley Limited is not a use of cash?
Option 1: Paid dividends to shareholders
Option 2: None of the others alternatives are correct
Option 3: Purchased a tract of land
Option 4: Reacquired some of the company's common shares
Problem 2: Which of the following would cause an imbalance in the accounting equation?
Option 1: All of the statements included in the other alternatives are correct
Option 2: Recording a 20X1 purchase in 20X2 instead
Option 3: Recording a purchase on account at the wrong amount
Option 4: None of the others alternatives are correct
Option 5: Posting the credit for a cash purchase at the wrong amount
Financial Statement Analysis and Preparation
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This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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