Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3.2 (18 marks) Building Traders runs a successful company in small town in Cape Town. Her company's cash flow statement for the year ended

image text in transcribedimage text in transcribed

3.2 (18 marks) Building Traders runs a successful company in small town in Cape Town. Her company's cash flow statement for the year ended 28 February 2022 is as follows: Cash flows from operating activities Cash receipts from customers Cash paid to suppliers and employees Cash generated from operations Notes (a) 6 186 880 (4 879 000) 1 (b) Interest received Interest paid Dividends received Dividends paid Taxation paid Cash flows from investing activities Purchase of non-current assets Proceeds from non-current assets Cash flows from financing activities Proceeds from the issue of share capital Proceeds from long-term borrowings Net change in cash and cash equivalents Cash and cash equivalents: beginning of year Cash and cash equivalents: end of year (9 500) (140 500) (650 000) (c) (750 000) 15.000 5/7 450 000 (e) 80 470 (f) Required Fill in the missing figures (from a - f) for the cash flow statement in the table above. Then, explain the function of the cash flow statement in contrast to the statement of financial position. 61 53 HFMN330-1-JUL-DEC2022-FA1-GT-V3-13072022

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

Forensic Accounting and Fraud Examination

Authors: Mary Jo Kranacher, Richard Riley, Joseph T. Wells

1st edition

047043774X, 978-0470437742

More Books

Students also viewed these Accounting questions

Question

Bonus shares can be issued out of revenue reserves. True/False?

Answered: 1 week ago

Question

American Express

Answered: 1 week ago

Question

Car comparison. Refer to Exercise

Answered: 1 week ago