Laila Company issued ordinary shares for OMR 24,000 cash during 2020. The company paid dividends of OMR 2,000. The company also issued a non-current note payable for OMR 30,000 in exchange for equipment during the year. The company sold treasury shares that had a cost of OMR 2,000 for OMR 4,000. Instructions Compute net cash flows from financing activities.

Laila Company issued ordinary shares for OMR 24,000 cash during 2020. The company paid dividends of OMR 2,000. The company also issued a non-current note payable for OMR 30,000 in exchange for equipment during the year. The company sold treasury shares that had a cost of OMR 2,000 for OMR 4,000. Instructions Compute net cash flows from financing activities.

Name: Laila Company issued ordinary shares for OMR24,000 cash during 2020.
Uploaded: 2024-03-05T11:47:04.000Z
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Description: Laila Company issued ordinary shares for OMR24,000 cash during 2020. The company paiddividends of OMR 2,000. The company also issued anon-current note payable for OMR 30,000 inexchange for equipment during the year. Thecompany sold treasury shares t

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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