On the table provided below an information that extracted from financial statements for K&M Inc....
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Accounting
On the table provided below an information that extracted from financial statements for K&M Inc.
for 2020.
Items Amounts in thousands of Saudi Riyal
Net income 150
Depreciation expense 10
Increase in accounts receivable 30
Decrease in inventory 20
Increase in accounts payable 15
Proceeds from sale of land 50
Gain on sale of land 5
Payment of dividends 25
Purchase of equipment on account 80
Proceeds from issuance of common stock 40
Cash, January 1, 2018 100
Required:
Prepare cash flow statement for K&M Inc. for 2020 using indirect method.
On the table provided below an information that extracted from financial statements for K&M Inc.
for 2020.
Items Amounts in thousands of Saudi Riyal
Net income 150
Depreciation expense 10
Increase in accounts receivable 30
Decrease in inventory 20
Increase in accounts payable 15
Proceeds from sale of land 50
Gain on sale of land 5
Payment of dividends 25
Purchase of equipment on account 80
Proceeds from issuance of common stock 40
Cash, January 1, 2018 100
Required:
Prepare cash flow statement for K&M Inc. for 2020 using indirect method.
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