Certainly, here is an extract of the items from the 2023 statement of financial position as at 28 February 2023:

1. **Dividends Receivable:** - 2023: R20,500 - 2022: R12,500

2. **Listed Investments at Fair Value:** - 2023: R274,200 - 2022: R220,000

3. **Current Tax Receivable:** - 2023: R23,800 - 2022: R8,500

4. **Inventory:** - 2023: R67,500 - 2022: R51,900

5. **Interest Receivable:** - 2023: Not provided (Please check your information)

6. **Trade Debtors Control:** - 2023: R52,700 - 2022: R49,300

7. **Bank (Dr):** - 2023: R43,800 - 2022: R30,000

8. **Loans to Director:** - 2023: R252,500 - 2022: R236,300

9. **Machinery at Cost:** - 2023: R191,700 - 2022: R240,600

10. **Accumulated Depreciation: Machinery:** - 2023: R41,100 - 2022: R14,600

11. **Land and Buildings:** - 2023: R808,800 - 2022: R481,100

12. **Share Capital:** - 2023: R711,300 - 2022: R628,000

13. **Retained Earnings:** - 2023: R968,400 - 2022: R567,900

14. **Revaluation Reserve:** - 2023: R168,700 - 2022: R118,500

15. **Mortgage:** - 2023: R78,300 - 2022: R209,600

16. **Dividends Payable:** - 2023: R10,900 - 2022: R17,400

17. **Trade Creditors Control:** - 2023: R33,800 - 2022: R20,700

18. **Interest Payable:** - 2023: R13,400 - 2022: R9,700

Here is an Extract of items disclosed in the Statement of Profit or Loss and other Comprehensive Income Information for the year ended 28 February 2023.

1. Profit on sale of machinery: R12,300.00. 2. Interest income: loans to directors R10,100.00. 3. Investment income: dividends received R11,300.00. 3. Rental income R21,800.00. 4. Gain on financial assets at fair value through profit or loss R23,500.00. 5. Interest expense R11,100.00. 6. Depreciation on machinery R45,400.00. 7. Income tax expense R197,000.00.

Additional information

1. The company presents the statement of cash flows using the indirect method

2 Mhlabavuleka Limited's net cash flow position deteriorated significently towards the end of the financial year and as a result, only R88 000 was paid as dividends to shareholders (in cash)

3. To aid the cash flow position, the company sold property, plant and equipment in cash The purchases of property, plant and equipment were made from second-hand dealers in cash

5 According to the policy of the company, all the loans advanced to the directors are immediately callable and interest charged on these loans is capatilised.

Q1: Which of the following alternatives represents the correct amount that must be disclosed as profit before tax in the cash generated from operations section according to indirect method in the statement of cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. 580,000

b. 482,000

c. 968,400

d. 480,000

e. 679,000

Q2: Which of the following alternatives represents the correct amount that must be disclosed as acquisition of listed investments in the cash flows from operating activities section of the statement of cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. 54,200

b. (30,700)

c. 0

d. 30,700

e. (54,200)

Q3: Which of the following alternatives represents the correct amount that must be disclosed as income tax paid in the cash flows from operating activities section of the statement of cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. 197,000

b. (181,700)

c. (197,000)

d. 181,700

e. (212,300)

Q4: Which of the following alternatives

represents the correct amount that must be disclosed as loans advanced to (received from) directors of the company in the cash flows from financing activities section of the statement of cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. (6,100)

b. (16,200)

C. 0

d. 16,200

e. 6,100

Q5: Which of the following alternatives represents the correct amount that must be disclosed as additions to property, plant and equipment under investment in property plant and equipment to expand operating capacity in the cash flows from investing activities section according to direct method in the statement cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. (327,700)

b. 277,500

c. (277,500)

d. 0

e. 327,700

Q6: Which of the following alternatives represents the correct amount of total separately disclosable items added to (deducted from) profit before tax as part of the adjustments in the cash generated from operations section according to indirect method in the statement of cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. (200)

b. (9,600)

c. 10,300

d. (10,300)

e. 9,600

Q7: Which of the following alternatives represents the correct amount that must be disclosed as proceeds on sale of property, plant and equipment in the cash flows from investing activities section according to direct method in the statement cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. (30,000)

b. 0

c. 30,000

d. (42,300)

e. 42,300

Q8: Which of the following alternatives represents the correct amount that must be disclosed as interest paid in the cash flows from operating activities section of the statement of cash flows of Mhlabavuleka Limited for the year ended

28 February 2023?

a. 7,400

b. (11,100)

c. (20,800)

d. (7,400)

e. 11,100

Q9: Which of the following alternatives represents the correct amount of total non-cash items added to (deducted from) profit before tax as part of the adjustments in the cash generated from operations section according to indirect method in the statement of cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. (9,600)

b. 21,900

c. 10,300

d. 9,600

e. (10,300)

Q10: Which of the following alternatives represents the correct amount that must be disclosed as additions to property, plant and equipment under investment in property plant and equipment to maintain operating capacity in the cash flows from investing activities section according to direct method in the statement cash flows of Mhlabavuleka Limited for the year ended 28 February 2023?

a. 277,500

b. 327,700

c. (327,700)

d. 0

e. (277,500)