Question
Kawambwa Tea company has the following information on selected cash transactions for 2020. Proceeds from sale of land K160, 000 Proceeds from long-term borrowings 400,000
- Kawambwa Tea company has the following information on selected cash transactions for 2020.
| Proceeds from sale of land | K160, 000 |
| Proceeds from long-term borrowings | 400,000 |
| Purchases of plant assets | 144,000 |
| Purchases of inventories | 680,000 |
| Proceeds from sale of Kawambwa tea ordinary shares | 240,000 |
Required
- Explain the effect of the above on the cash flow (5 marks)
- Calculate the cash flow from investing, and financing activities (6 marks)
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Introduction To Data Analytics For Accounting
Authors: Vernon Richardson, Katie Terrell, Ryan Teeter
1st Edition
126406828X, 978-1264068289
