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Question 3: Dhofar Co. had the following information in 2020: Issuance of common stock 34000 Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of fixed assets Decrease in Accounts receivable Purchase of short term investment Increase of prepaid expenses Purchase of land 16000 22000 65000 33000 29000 14000 15000 13800 50000 Net Profit 37800 Depreciation Amortization 18500 9500

Question 3: Dhofar Co. had the following information in 2020: Issuance of common stock 34000 Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of fixed assets Decrease in Accounts receivable Purchase of short term investment Increase of prepaid expenses Purchase of land 16000 22000 65000 33000 29000 14000 15000 13800 50000 Net Profit 37800 Depreciation Amortization 18500 9500

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 3: Dhofar Co. had the following information in 2020: 34000 16000 Issuance of common stock Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of fixed assets 22000 65000 33000 29000 14000 Decrease in Accounts receivable Purchase of short term investment 15000 Increase of prepaid expenses 13800 Purchase of land 50000 Net Profit Depreciation Amortization 37800 18500 9500 Prepare cash flows statement, use indirect method for operating cash flow.
Transcribed Image Text:Question 3: Dhofar Co. had the following information in 2020: 34000 16000 Issuance of common stock Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of fixed assets 22000 65000 33000 29000 14000 Decrease in Accounts receivable Purchase of short term investment 15000 Increase of prepaid expenses 13800 Purchase of land 50000 Net Profit Depreciation Amortization 37800 18500 9500 Prepare cash flows statement, use indirect method for operating cash flow.
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