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Question 3 : KLM Co. had t he following information in 2020 : Issuance of common stock 32 000 Payment of dividends 15 000 Bank

Question 3:

KLM Co. had the following information in 2020:

Issuance of common stock 32000

Payment of dividends 15000

Bank loan repaid21000

Purchase of equipment 55000

Issuance of bonds payable 29000

Sale of long Term Assets 24000

Decrease in Accounts receivable17000

Purchase of short term investment 12000

Increase of prepaid expenses 15000

Purchase of land 50000

Net Profit37800

Depreciation18500

Amortization 9500

Prepare cash flows statement, use indirect method for operating cash flow.

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