Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[15 mark? SECTION A Question 1 Sedibeng Company (Pty) Ltd Extracted the following information from its income statement and Balance sheet for the year 2019

image text in transcribed

image text in transcribed

[15 mark? SECTION A Question 1 Sedibeng Company (Pty) Ltd Extracted the following information from its income statement and Balance sheet for the year 2019 INCOME STATEMENT FOR 2012 53000 Sales Revenue 57000 Expenses 41 000 Salaries 7000 depriciation 200 Armotisation expenses 9700 Other expenses R(4900) Net loss PARTIAL BALANCE SHEET OF SEDIBENG (PTY) LTD 2011 2012 R15000 R8000 Accounts Receivable 15000 1000 Salaries Payable 1000 5100 Other Accrued Liabilities D In addition, Sedibeng bought a small machine for R5000 MDP 135W OCTOBER NOVEMBER 2020 Required: 1. Present the operating activities section of the statement of cash flows for Sedibeng Company (Pty) Ltd using the indirect method 2. what were the major reasons that Sedibeng was able to report a net loss but positive cashflows from operations? Why are the reasons for the difference between cash flow from operations and net income important to financial analysts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Role Of Project Auditing In The Improvement Of Systems

Authors: Aïssata Maiga, Oumar Bah

1st Edition

6205076616, 978-6205076613

More Books

Students also viewed these Accounting questions