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5 out of Atlantic company provided the following Information for the year ended 2020 (All figures are in AED). Purchase of equipment through issuance of
5 out of Atlantic company provided the following Information for the year ended 2020 (All figures are in AED). Purchase of equipment through issuance of bonds 70,000 Depreciation expenses 50,000 Sales of plant assets 100,000 Payment of cash dividend 8,700 Net Income for the year Amortization of Intangibles 320,750 16,300 Purchase of equipment 182.500 issuance of ordinary shares 190,500 Redemption of bonds 188.400 Increase in accounts receivable (net) 12,000 50,000 Sales of land kept for investment of and Decrease in inventory 15.500 Gain on sales of plant assets 19,800 Increase in accounts payable 19,500 Cash at the beginning of year was 105,000. Required Prepare a cash flow statement using the above information clearly showing your workings and provide the following information
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