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Prepare the statement of cash flow for phizer sdn bhd

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Reference no: EM132931911

The following transactions occurred during the year 2020 for PHIZER Sdn Bhd.

Cash and cash equivalents balance, 31 December 2019 7,689

Cash and cash equivalents balance, 31 December 2020 17,399

Receipt from business contracts 39,860

Receipts from sale of freehold land 55,000

Receipt from issuing ordinary shares 22,000

Payment for patents and trademarks 1,200

Payment for salaries 6,950

Payment to supplier 10,916

Payment of dividends 6,000

Payment for loan interest 1,280

Payment for corporate taxes 4,604

Payment for new plant 30,000

Payment for Investments 20,000

Payment for 5 years loan from Maybank 26,200

Problem 1: Based the above information, prepare the Statement of Cash Flow for PHIZER Sdn. Bhd. for the year ended 31 December 2020 using Direct Method.

Reference no: EM132931911

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