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).
According to legend, Carthage was founded by the Phoenician Queen Elissa (better known as Dido) sometime around 813 BCE. The city (in modern-day Tunisia, North Africa) was originally known as Kart-hadasht (new city) to distinguish it from the older Phoenician city of Utica nearby.t was this expansion which first brought Carthage into conflict with Rome. When Rome was weaker than Carthage, she posed no threat. The Carthaginian navy had long been able to enforce the treaty which kept Rome from trading in the western Mediterranean.