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PREPARE the statement of cash flows using the direct method.Sohan Company entered into the following transactions. (a) Paid suppliers. (b) Received dividend from an associate.
PREPARE the statement of cash flows using the direct method.Sohan Company entered into the following transactions. (a) Paid suppliers. (b) Received dividend from an associate. ic) Sold investments at a gain. () Purchased copyrights for cash. (e) Issued debentures in exchange for equipment. Paid interest on bank overdraft (g) Converted debentures into equity shares. (h) Received payments from customers. Purchased investmernts for cash. ) Purchased a 60-day certificate of deposit for cash. (k) Paid advance to a supplier of equipment. ) Sold a 90-day Treasury bill. Collected instalment payments for the sale of an old plant. (n) Earned a net profit. (o) Disposed of equipment at a gain. in) Entered into a lease for a new machine. Required (a)
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