Question No: 4 10 Marks The following transactions were undertaken by Raysut Cements during the financial year ended 30 June 2017. Ignore Tax in this scenario The company has issued ordinary shares to the public for the value of OMR 1,000,000. The company has a plan expand their production for that they purchased a land for OMR 900,000 cash. The company has availed long term loan from National Bank of Oman, such loan was paid off on 17 June, 2017 - OMR 360,000 plus interest of OMR 32,000 The company's used trucks were sold for OMR 480,000 with a carrying amount of OMR 200,000. Cash dividends paid to shareholders were OMR 220,000. During the year company purchased machinery for factory giving OMR 120,000 cash and signing a mortgage loan for OMR 400,000. Bank Muscat's share was purchased by company which was to be held as an investment for OMR 400,000 cash and sold a long-term government bond. with a carrying amount of OMR 100,000, for OMR 198,000, including OMR 12 000 accrued interest. The company has issued 5% debentures for OMR 1,400,000. On 15 August, 2017 the company has purchased shares in Omasco to be held as a long-term investment, paying OMR 380 000 cash. Required: a) With the above crude information on the role of an accountant prepare the net cash flow used in investing activities and financing activities sections of the statement of cash flows using the classification as per the requirements of IAS 7. (6 Marks) b) Explain the treatment of each concept of the above cash flows in other financial statements. (4 Marks) Page 6 of 7