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).
AEGEAN CIVILIZATION. The earliest civilization in Europe appeared on the coasts and islands of the Aegean Sea. This body of water is a branch of the Mediterranean Sea. It is bounded by the Greek mainland on the west, Asia Minor (now Turkey) on the east, and the island of Crete on the south.he war against Troy took place in the 13th or early 12th century BC The Minoan Civilization The origin of the Minoans is unknown, but by 1600 BC they dominated the Aegean region. They lived on Crete from about 2500 BC to 1400 BC, when they were conquered by Mycenaeans from the Greek mainland.