Solution-Prepare activities section of sunland statement of

Prepare activities section of sunland statement of cash flow

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Reference no: EM131735778

Question - Sunland Corporation reported the following information (in thousands) at December 31, 2018:

	2018	2017
Dividends payable	$25	$5
Bank loan payable-current portion	210	210
Bank loan payable-non-current portion	460	320
Common shares	680	410
Retained earnings	780	555

Additional information:

1. The bank loan was increased by additional borrowings of $380 to partially finance the purchase of new equipment that cost $700. The bank loan was decreased by repayments.

2. Common shares were issued during the year. None were reacquired.

3. Dividends were paid during the year.

4. Net income for the year was $400.

Prepare the financing activities section of Sunland 's statement of cash flows for the year.

Reference no: EM131735778

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Prepare activities section of sunland statement of cash flow : Sunland Corporation reported the following information (in thousands) at December 31, 2018: Prepare the financing activities section of Sunland 's statement

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Prepare activities section of sunland statement of cash flow

Reference no: EM131735778

Reference no: EM131735778

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