Extract from the statement of financial position as at $31$ August $2022$:

$20222021$

R R

Land and buildings $($at cost$)1,010,600660,600$

Equipment $($at cost$)624,900569,400$

Accumulated depreciation: Equipment $175,20074,400$

Long$-$term loan $283,600198,200$

Members contributions $1,276,5001,080,100$

Retained earnings $231,20079,700$

Loans to members $98,10034,100$

Loans from members $118,700-$

Distribution to members payable $78,200108,600$

Inventory $59,10033,200$

Dividend receivable $21,600101,200$

Trade payables control $137,00066,900$

Accrued security expenses $7,7003,400$

Current tax payable $62,20040,000$

Accrued rental income $6,2005,500$

Trade receivables control $108,600101,800$

Prepaid advertising expense $20,80017,100$

Investment $($at cost$)202,900-$

Bank $198,000276,900$

Extract from the statement of profit or loss and other comprehensive income for the year ended $31$ August $2022$:

R

Revenue from parts sold $832,200$

Cost of sales $389,300$

Fair value gain on listed investments $20,000$

Investment income: dividend income $14,300$

Rental income $41,100$

Interest income on loans to members $13,700$

Loss on sale of machinery $8,900$

Other operating expenses $23,400$

Telephone expenses $31,200$

Interest expense on loans from members $16,400$

Interest expense on long term loans $13,300$

Income tax expense $124,600$

Water and electricity $53,100$

Repairs and maintenance $28,500$

Depreciation on equipment $93,600$

Additional information

$1.$ Cash flows from operating activities are presented using the direct method.

$2.$ Interest on loans advanced to and received from members is capitalised. All loans to members are immediately callable whilst the total

amount owing to members is payable on $31$ August $2024.$

$3.$ Equipment with a cost price of R$32200$ and accumulated depreciation of R$10100$ was sold for cash. A replacement equipment was bought

on $30$ June $2020.$

$4.$ The additional members contributions include a piece of land worth R$90000.$

$5.$ Investments consist of the following:

R$58900$ Fixed deposit at Langa Bank $($Maturity date $30$ Nov $2028)$

$18000$ Ordinary shares in Kingston Limited, held for trading.

$6.$ Profit distribution to members amounted to R$44000.$

$7.$ All inventories are purchased and sold on credit.

Question $19$

Not yet answered

Marked out of $4\mathrm{.}00$

Which of the following alternatives represents the correct amount that must be disclosed as acquisition of listed investments under cash flows

from operating activities section in the statement of cash flows for Terrilson Trading CC for the year ended $31$ August $2022?$

a$.0$

b$.124,000$

c$.(142,000)$

d$.(124,000)$

Question $20$

Not yet answered

Marked out of $5\mathrm{.}00$

Which of the following alternatives represents the correct amount of cash purchases in the cash generated from operations section in the

statement of cash flows for Terrilson Trading CC for the year ended $31$ August $2022?$

a$.(415,200)$

b$.(389,300)$

c$.389,300$

d$.415,200$

Question $21$

Not yet answered

Marked out of $3\mathrm{.}00$

Which of the following alternatives represents the correct amount that must be disclosed as proceeds from member$$s contributions under cash

flows from financing activities section in the statement of cash flows for Terrilson Trading CC for the year ended $31$ August $2022?$

a$.(106,400)$

b$.181,900$

c$.(181,900)$

d$.106,400$