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Prepare a Statement of Cash Flows from following information related to Internal Service Fund of City of Riyadh. (2 Marks) Purchase of Capital Assets $
Prepare a Statement of Cash Flows from following information related to Internal Service Fund of City of Riyadh. (2 Marks)
Purchase of Capital Assets | $ 50,000 |
Receipts from Customers | 400,000 |
Payment to Suppliers | 85,000 |
Cash Balance at the Beginning of the year | 25,000 |
Operating Income | 9,000 |
Depreciation | 8,000 |
Decrease in Inventories | 2,000 |
Increase in Account Payable | 4,000 |
Interest Received | 12,000 |
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