Question 3: KLM Co. had the following information in 2020: Issuance of common stock 32000 P

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Question 3: KLM Co. had the following information in 2020: Issuance of common stock 32000 Payment of dividends 15000 Bank loan repaid 21000 Purchase of equipment 55000 Issuance of bonds payable 29000 Sale of long Term Assets 24000 Decrease in Accounts receivable 17000 Purchase of short term investment 12000 Increase of prepaid expenses 15000 Purchase of land 50000 Net Profit 37800 Depreciation 18500 Amortization 9500 Prepare cash flows statement, use indirect method for operating cash flow.
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