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QUESTION 3 Part A Aishah Company provided the following accounts balances for the year 2019 and 2020. 2020 2019 (RM) (RM) Cash 59,000 24,000 Accounts
QUESTION 3 Part A Aishah Company provided the following accounts balances for the year 2019 and 2020. 2020 2019 (RM) (RM) Cash 59,000 24,000 Accounts Receivable 36,000 28,000 Inventories 50,000 36,000 Prepaid Insurance 12,000 18,000 Office Equipment 120,000 64,000 Accumulated Depreciation - Office Equipment 40,000 28,000 Long-term Investments 0 36,000 Accounts Payable 112,000 108,000 Additional information: 1. Sales and expenses for the year ending 31 December 2020 were RM260,000 and RM215,000 respectively. 2. The company sold the long-term investments for RM45,000. Required: Prepare a Statement of Cash Flows until Operation Activities for the year ended 31 December 2020 using the indirect method. Show all your workings (15 marks)
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