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(Accounting ) Can i please get help with this question Presented below are the financial statements of SIZANANI LIMITED: Additional information: 1. Plant & equipment
(Accounting ) Can i please get help with this question
Presented below are the financial statements of SIZANANI LIMITED: Additional information: 1. Plant \& equipment which cost R 24000 were sold and accumulated depreciation to the date of sale amounted to R17 000 . 2. An amount of R20000 was repaid on the mortgage bond. 3. Included in operating expenses are the following: - Depreciation expense R 60000 - Loss on disposal of plant \& equipment R 4000 - Other distribution expenses R 129200 REQUIRED: Prepare, using direct method, the statement of cash flows of Sizanani Limited for the financial year ended 28 February 2019. SIZANANI LIMITED STATEMENT OF FINANCIAL POSITION AT 28 FEBRUARY 2019 SIZANANI LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2019 \begin{tabular}{|l|l|l|l|} \hline & SHARECAPITALR & RETAINEDEARNINGSR & TOTALR \\ \hline Balance at 1 March 2010 & 200000 & 153000 & 353000 \\ \hline Issue of shares & 37500 & - & 37500 \\ \hline Profit for the period & - & 119600 & 119600 \\ \hline Dividends & - & (60000) & (60000) \\ \hline Balance at 28 February 2019 & 237500 & 212600 & 450100 \\ \hline \end{tabular}Step by Step Solution
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