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Mohan has just started his business in 2019. During the year following event are occurred 1. Purchased of Land RM14,000 2. Bond payable amounting RM25,000
Mohan has just started his business in 2019. During the year following event are occurred 1. Purchased of Land RM14,000 2. Bond payable amounting RM25,000 was matured at par 3. Issued additional common stock at par, amounting RM 9,000 4. Dividend paid RM 13,000 5. Net income was RM43,750 including depreciation RM 12,000 6. Issuing a bond RM 22,500 for the purpose of acquiring a land 7. Investment available for sale Rm12,875 Gain on sale Rm 3500 Given are the extract of statement of Financial Position at the end of operation for 2019 Mohan Sdn Bhd Statement of Financial Position Year Ending 31 December 2019) Cash 8.500 Current assets 29300 Investment 20.000 Plant and assetsnet) 67 500 Land 40.000 165.300 Current Liabilities 15.000 Long Term notes payables 35 000 Bond Payable 25.000 Common Stok 75.000 Retained earnings 165.000 Required Prepare a statement of Cash Flow for 2019 using the indirect method 116 Marks! Differentiate between the direct method and indirect method by discussing each method 14 Maris
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