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