Question
Q.2 From following calendar-year information prepare Abrar Company's statement of cash flows using the direct method: Cash paid to purchase machinery SAR 124,000 Cash paid
Q.2 From following calendar-year information prepare Abrar Company's statement of cash flows using the direct method:
Cash paid to purchase machinery | SAR 124,000 |
Cash paid for merchandise inventory | 220,000 |
Cash paid for operating expenses | 280,000 |
Cash paid for interest | 4,000 |
Cash received for interest | 10,000 |
Cash proceeds from sale of land | 100,000 |
Cash balance at beginning of year | 15,000 |
Cash balance at end of year | 77,000 |
Cash borrowed on a short-term note | 25,000 |
Cash dividends paid | 24,000 |
Cash received from stock issuance | 57,000 |
Cash collections from customers | 522,000 |
Answer:
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