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CASH FLOW STATEMENT (INDIRECT METHOD - INVESTING ACTIVITIES SECTION) Following Information has been extracted from the books of Seven Star Limited: During the Financial Period
CASH FLOW STATEMENT (INDIRECT METHOD - INVESTING ACTIVITIES SECTION) Following Information has been extracted from the books of Seven Star Limited: During the Financial Period Ended Dec 2018, the Company carried on following investing activities: 1) The Equipment costing 25,000 and having written down value of 22,500 sold out at a gain of 5,500. 2) The Company purchased shares of Starlet Limited valued at 10,000 3) The Company disposed of its stock invetments for 12,500 4) The Company purchased a new car for 10,000 5) The depreciation on a new car purchased is 1,000 6) The depreciation on the remaining assets is 2,000 Required: Prepare only the Investing Activities Section of the Cash Flow under the Indirect Method for the financial year ended Dec 2018
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