Reruired: 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.

( b) Explain the treatment of each concept of the above cash flows in other financial statements.

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 $1,000,000. The company has a plan expand their production for that they purchased a land for $ 900,000 cash. The company has availed long term loan from National Bank of Oman, such loan was paid off on 17 June, 2017 - $ 360,000 plus interest of $ 32,000. The company used trucks were sold for $ 480,000 with a carrying amount of $ 200,000. Cash dividends paid to shareholders were $ 220,000. During the year company purchased machinery for factory giving $ 120,000 cash and signing a mortgage loan for $ 400,000. Bank Muscat's share was purchased by company which was to be held as an investment for $ 400,000 cash and sold a long-term government bond. With a carrying amount of $100,000, for $ 198,000, including $ 12 000 accrued interest. The company has issued 5% debentures for $ 1.400,000. On 15 August, 2017 the company has purchased shares in Omasco to be held as a long-term investment, paying $ 380 000 cash. Reruired: 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. (b) Explain the treatment of each concept of the above cash flows in other financial statements. (4 Marks)