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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
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.
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