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).
Minoans were an island Country and If I am not mistaken it has been shown that there was evidence of deforestation on ancient Crete. This leads me to believe the Phoenicians would have been a reasonable trade partner due to their natural resources of Cedar trees.uestions on Minoans and Phoenicians contact with each other. Minoans rise to prominence seems to come around the of 2000 BC roughly. The Phoenician site of Byblos has been settled since 6000 BC, while the city of Tyre has been in use since 2700 BC.