Question: Q2. Prepare cash flow statement using Indirect method 15 Marks Additional Information 1. Proceeds on sale of machinery =3,000 2. Loss on sale of machinery

Q2. Prepare cash flow statement using Indirect method 15 Marks Additional Information 1. Proceeds on sale of machinery =3,000 2. Loss on sale of machinery =$5000 3. Purchased equipment costing 22000 by paying 17000 cash and remaining as accounts payable. (Hint: Total Accounts payable: 9000) 4. Paid cash dividend of 21000 (Financing activities)

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