ABC Co. had the following activities in 2020: Issue of Common stock OMR 25000 Increase in receivables OMR 15000 Decrease in Land OMR 25000 Payment of Bank Loan OMR 12000 Sale of Building OMR 19000 Payment of Dividend OMR 10000 Purchase of equipment OMR 12000 Purchase of Treasury shares OMR 5000 Issue of Bonds OMR 30000 What is the cash flows from financing activities?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 3PA: Use the following information from Berlin Companys financial statements to prepare the operating...
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ABC Co. had the following activities in 2020:
Issue of Common stock
OMR 25000
Increase in receivables
OMR 15000
Decrease in Land
OMR 25000
Payment of Bank Loan
OMR 12000
Sale of Building
OMR 19000
Payment of Dividend
OMR 10000
Purchase of equipment
OMR 12000
Purchase of Treasury shares
OMR 5000
Issue of Bonds
OMR 30000
What is the cash flows from financing activities?
Select one:
a. OMR 38000
O b. None of the options
O c. OMR 28000
O d. OMR 34000
Transcribed Image Text:ABC Co. had the following activities in 2020: Issue of Common stock OMR 25000 Increase in receivables OMR 15000 Decrease in Land OMR 25000 Payment of Bank Loan OMR 12000 Sale of Building OMR 19000 Payment of Dividend OMR 10000 Purchase of equipment OMR 12000 Purchase of Treasury shares OMR 5000 Issue of Bonds OMR 30000 What is the cash flows from financing activities? Select one: a. OMR 38000 O b. None of the options O c. OMR 28000 O d. OMR 34000
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