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
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9e7a1c00-b920-422e-bbc4-5ef0b9826d7f%2F16ff5179-035c-4ae0-9a91-ceaef2ac85d8%2F8bkqv1a_processed.jpeg&w=3840&q=75)
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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