Question
Each of the following items must be considered in preparing a statement of cashflows for Skill Vision Sdn bhd for the year ended 31 December
Each of the following items must be considered in preparing a statement of cashflows for Skill Vision Sdn bhd for the year ended 31 December 2020:
Issued bonds for RM150,000 cash
Provided depreciation for plant for RM5,370
Purchased equipment for RM200,000 cash
Paid principal of loan for RM5,000 cash
Sold land costing RM50,000 for RM50,000 cash
Declared and paid a RM20,000 cash dividends
Bought inventories for RM30,000 cash
Required:
For each item, state how it should be shown in the statement of cashflows for the year ended 31 December 2020. (Classification: Operating, Financing and Investing activity).
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