1. 16Accounting Standard (AS) 3Cash Flow StatementsContentsOBJECTIVESCOPE Paragraphs 1-2BENEFITS OF CASH FLOW INFORMATION 3-4DEFINITIONS 5-7Cash and Cash Equivalents 6-7PRESENTATION…
1. 1. The value of Crungy's portfolio at the end of Year 1 was: Value= (100 × $10) + (300 × $5) + (250 × $12)= $5,500 The value of Crungy's portfolio at the…
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