Question 3: KLM Co. had the following information in 2020: Issuance of common...
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Accounting
Question 3:
KLM Co. had the following information in 2020:
Issuance of common stock 32000
Payment of dividends 15000
Bank loan repaid21000
Purchase of equipment 55000
Issuance of bonds payable 29000
Sale of long Term Assets 24000
Decrease in Accounts receivable17000
Purchase of short term investment 12000
Increase of prepaid expenses 15000
Purchase of land 50000
Net Profit37800
Depreciation18500
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 15000
Bank loan repaid21000
Purchase of equipment 55000
Issuance of bonds payable 29000
Sale of long Term Assets 24000
Decrease in Accounts receivable17000
Purchase of short term investment 12000
Increase of prepaid expenses 15000
Purchase of land 50000
Net Profit37800
Depreciation18500
Amortization 9500
Prepare cash flows statement, use indirect method for operating cash flow.
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