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QUESTION 3 The statement of financial position data of Berjaya Bhd at the end of 2019 and 2018 as follows: 2019 2018 RM RM Equipment
QUESTION 3 The statement of financial position data of Berjaya Bhd at the end of 2019 and 2018 as follows: 2019 2018 RM RM Equipment 90,000 75,000 Accumulated depreciation - equipment (18,000) (8,000) Land 40,000 40,000 Inventory 65,000 45,000 Accounts receivable (net) 55,000 45,000 Prepaid expenses 15,000 25,000 Cash 60,000 35,000 307,000 257,000 189,000 159,000 Share capital-ordinary, RM10 par value Retained earnings Notes payable bank (long-term) 8,000 5,000 0 23,000 Bonds payable 30,000 0 Accounts payable 65,000 52,000 Accrued expenses 15,000 18,000 307,000 257,000 Ordinary shares, par RM30,000 issued during the year for cash; all equipment purchased was for cash. Equipment costing RM13,000 was sold for RM3,000 with net book value of RM6,000. Cash dividends of RM9,000 were declared and paid during the year. REQUIRED: Compute net cash provided or used by (indirect method): 1. Operating activities 2. Investing activities 3. Financing activities
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