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Question 2 The following unrelted events are typical of those experienced by business events. 1. Acquired RO100,000 cash by issuing common stock 2. Took a

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Question 2 The following unrelted events are typical of those experienced by business events. 1. Acquired RO100,000 cash by issuing common stock 2. Took a loan from Bank Muscat RO100,000 3. Bought a land for RO200,000 4. Purchased machinery from MHD paying RO50,000 5. Received R040,000 cash from customers for providing services 6. Paid RO2,000 as salaries to staff 7. Purchased land for RO100,000 8. Made an agreement with a local real estate agent to buy a building for RO25,000 9. The owner took RO10,000 from business for personal use 10. Paid R01,000 as interest on loan 11. The company paid RO4,000 cash dividend to the owners. 12. The value of land which was originally bought for RO2500,000 has increased to RO250,000 Required a. Identify the type of transactions (Asset Use, Source or Exchange) b. Idnetify the cash flow type (Operating, Financing, Investing)

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