Question 3: KLM Co. had the following information in 2020: Issuance of common stock 32000 P
Question 3: KLM Co. had the following information in 2020: Issuance of common stock 32000 P
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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