77 marks; 47 minutes 4.1 CONCEPTS Choose an accounting concept from Column B that best matches the description in Column A. Write only the letter (AE) next to the question number in the ANSWER BOOK. 4.2 IMBRO LIMITED You are provided with information relating imbizo Limied for the financial year ended 30 Jun0 2020. REQURRED 4.2.1 Prepare the asset disposal account in the general ledger. 4.2.2 Complete the note for reconcliation of net income and cash generated from operations. 4.2.3 Complete Cash Flow Statement. 4.2.4 Calculate the following for the year ended 30 June 2020: - Retum on total capital employed - Net asset value per share 4.2.5 Fefer to the loan and payment thereot: Do you think it was a good lidea to pay back such a big portion of the foan? Explain your answer by federing to TWO felevant financial indicators. 4.2.6 New shares were issued at R15 per share on 1 January 2020. Explain why the existing shareholders would or would not be happy with this issue price. Quote TWO financial indicators, with figures, to explain their opinion. 4.2.7 The directors are of the opinion that the liquidty has decreased. Quote THREE financial indicators, with figures, to support this opinion GRADE 12 MCCOUNTING INFORMATION C. Ordinary share capital 100000 shares in issue on 1 July 2018 at R10 per share 100000 share issued on 1 January 2020 at R15 per share 10000 shares repurchased and retired on 30 June 2020 at R15 per share D. E. The total depreciation for the year amounted to R16 645 . This includes the depreciation calculated in D. F. Income tax at 28% of the net profit for the year was calculated as R165 200 G. Dividends - An interim dividend of 100 cents per share was declared and paid on 15 December 2020. - The final dividend was declared on 30 June 2020. I. 77 marks; 47 minutes 4.1 CONCEPTS Choose an accounting concept from Column B that best matches the description in Column A. Write only the letter (AE) next to the question number in the ANSWER BOOK. (5) 4.2 IMIZO LIMITED You are provided with information relating imbizo Limied for the financial year ended 30 Jun0 2020. REQUIRED 4.2.1 Prepare the assed disposal account in the general ledger. 4.2.2 Complete the note tor reconcliation of net income and cash generated from operasons. 4.2.3 Complete Cash Flow Statement. 4.2.4 Calculate the following for the year ended 30 June 2020: - Return on total capital employed - Net asset value per share 4.2.5 Refer to the loan and payment thereot: Do you think in was a good idea to pay back such a big portion of the loan? Explain your answer by redeering to TWO relevant financial indicators. 4.2.6 New shares were issued at R 15 per share on 1 January 2020. Explain why the existing shareholders would or would not be happy with this issue price. Quote TWO financial indicators, with figures, to explain their opinion. 4.2.7 The directors are of the opinion that the liquidity has decreased. Quote THREE financial indicators, with figures, to support this opinion GRaDE 12 MCCOUNTING 2tan INFORMATION A. Frotraat fonm the Palanara Rhaete an an fline