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).
Because the location at the intersection of land and sea routes linking the ancient world, Phoenicia became. famous as a commercial center Phoenicians discovered and used the North Star (Polaris) to keep their bearings at sea. They were the first ones to sail around Africa. They colonized parts of Cyprus and Rhodes and crossed the Black Sea.