Question 3: Dhofar Co. had the following information in 2020: Issuance of common stock 34000...
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Question 3: Dhofar Co. had the following information in 2020: Issuance of common stock 34000 Payment of dividends 16000 Bank loan repaid 22000 Purchase of equipment 65000 Issuance of bonds payable 33000 Sale of fixed assets 29000 Decrease in Accounts receivable 14000 Purchase of short term investment 15000 Increase of prepaid expenses 13800 Purchase of land 50000 Net Profit 37800 Depreciation 18500 Amortization 9500 Prepare cash flows statement, use indirect method for operating cash flow. Question 4: Sohar Co. had the following information in 2020: Sales COGS Operating expenses (including depreciation) Depreciation expense Interest expense Taxes Increase in Accounts receivable Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 180000 80000 32000 4200 9000 4000 7000 4000 5000 4500 2300 2000 Prepare operating cash flows using direct method
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