Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Extract from: Statement of Profit or loss and other comprehensive income of Mode Ltd for the year ended 30 June 2022 Fytrart from Statement of

image text in transcribed

Extract from: Statement of Profit or loss and other comprehensive income of Mode Ltd for the year ended 30 June 2022 Fytrart from Statement of financial nocition of Mnde I td ac at 30 .lne 2020 . Additional information: 1. Shares were issued for cash during the year. 2. Dividends of R180000 were declared during the current financial year. 3. On 31 October, machinery with a carrying amount of R110 000 was sold for cash. A replacement machine as well as additional machinery was purchased for cash. 4. No long term borrowings were made during the year. 5. Investments were sold during the year. No new investments were purchased. Required: Take all the above information into account and prepare the statement of cash flows for Mode Ltd for the year ended 30 June 2022. Use the indirect method. Your answer must comply with the International Financial Reporting Standards (IFRS) appropriate to this type of business. Show all workings. Round off all workings to of 5 arest Rand. END OF QUESTIONS

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

Financial Accounting And Reporting A Global Perspective

Authors: Herve Stolowy, Yuan Ding, Luc Paugam

6th Edition

147376730X, 9781473767300

More Books

Students also viewed these Accounting questions