A Cash Flow Statement discloses the flow of Cash to the company. When the accounts payable increases, the money of company gets blocked, so the Cash flow stops and hence an increase in the Accounts Receivable is shown as negative.
Phoenicians Colonies Colony at Kition, Cyprus Around 1100 B.C. the Phoenicians began creating colonies all across the Mediterranean -- even on the Atlantic coasts of Europe and Africa.pain. The early colony at Cadiz -- known to the Phoenicians as Gadir and to the Romans as Gades -- was gradually joined by more cities: Abdera (modern Adra), Sexi (modern Almu car), Malaka (modern Malaga) and Carteia (on the Bay of Gibraltar).
Trade, Commerce and Crafts. The Phoenicians, appeared on the scene with an established maritime tradition, and the technology to build ships with a keeled hull. This allowed them to sail the open seas, and as a result, the Phoenicians developed a flourishing sea trade. In addition to these exports and imports, the Phoenicians also conducted an important transit trade, especially in the manufactured goods of Egypt and Babylonia (Herodotus, i, 1). From the lands of the Euphrates and Tigris regular trade routes led to the Mediterranean.