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Type or paste question here Additional Information : The operating expenses included QAR 24,000 for depreciation expenses building and QAR 12,000 for depreciation expenses -
Type or paste question here
Additional Information:
- The operating expenses included QAR 24,000 for depreciation expenses building and QAR 12,000 for depreciation expenses - equipment.
- The company sold equipment with a book value of QAR 28,000 (cost QAR 32,000, less accumulated depreciation QAR 4,000) for cash
- A building costing QAR 480,000 was purchased for cash. Equipment costing QAR 100,000 was also purchased for cash.
- The company paid its interest expense in cash.
- Issued common stock for QAR80,000 cash.
- The company declared and paid cash dividend.
- Issued QAR 440,000 of long-term bonds in direct exchange for land.
Required:
- Prepare a statement of cash flows for Al Falah Company for the year ended 31 December 2021 by using indirect method
- Prepare a statement of cash flows for Al Falah Company for the year ended 31 December 2021 by using direct method. (Note that cash payment for interest expense can be included in the cash flows from operating activities
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