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Comparative balance sheets at the end below: Marketable Securities Accounts Receivable 4 and 2005 of OASIS LIMITED appear LIMITED Comparative Balance Sheets KHADIM AL 31,

image text in transcribedimage text in transcribed Comparative balance sheets at the end below: Marketable Securities Accounts Receivable 4 and 2005 of OASIS LIMITED appear LIMITED Comparative Balance Sheets KHADIM AL 31, Dec 2004 50,000 40,000 320,000 240,000 Assets Cash and Bank Balance Merchandise Inventory on R600,000 Plant & Equipment (net) Total Equity 1250,000 Liabilities & Shareholder's Equity 31 Dec 2005 HNOLOGY 45,000 25,000 330,000 235,000 640,000 Ex 1275,000 Accounts Payable 150,000 nation 160,000 45,000 Accrued Expenses 60,000 tion 70,000 Mortgage Loan (long term) - Debenture Payable (due 2010) 500,000 350,000 Ordinary Share Capital 160,000 160,000 Retained Earning 380,000 490,000 1250,000 inal 1275,000 ma Total i. Additional information: Net income for the year amounted to Rs. 250,000 ii. Cash dividends of Rs 140,000 were declared and paid. iv. Depreciation of plant and equipment for the year was Rs. 60,000 on Fina Marketable securities costing Rs. 15,000 were sold Rs. 35,000 cash. ation Fina Prepare a cash flow statement using indirect method for the year ended Dec 31, 2005 INSTRUCTIONS showing following clearly: (a) Cash flows from operating activities. (b) Cash flow from investing activities. (c) Cash flow from financing activities. xaminat on Fina Examin

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