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How would affect the statement of cash flows

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Reference no: EM132539793

Furst Ltd. had the following transactions.

1. Paid salaries of NT$140,000.

2. Issued 1,000 shares of NT$10 par value ordinary shares for equipment worth NT$160,000.

3. Sold equipment (cost NT$100,000, accumulated depreciation NT$60,000) for NT$30,000.

4. Sold land (cost NT$120,000) for NT$160,000.

5. Issued another 1,000 shares of NT$10 par ordinary shares for NT$180,000.

6. Recorded depreciation of NT$200,000.

Instructions

Question (a) the journal entry,

Question (b) how it would affect the statement of cash flows. the indirect method

Reference no: EM132539793

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