Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Financial Accounting... assist as soon as possible INFORMATION Share Capital: - Authorized share capital consists of 800000 ordinary shares. - 150000 new ordinary shares were

Financial Accounting... assist as soon as possible
image text in transcribed
image text in transcribed
INFORMATION Share Capital: - Authorized share capital consists of 800000 ordinary shares. - 150000 new ordinary shares were issued on 1 October 2021. - 60000 ordinary shares were repurchased on 1 January 2021 at 90 cents above the average issue price of R4, 30 . - On 28 February 2022 the share register reflected that a total of 690000 shares had been issued to date. Fixed assets: - Additional property was purchased for R2 100000 . No other fixed assets were purchased. - Equipment was sold at carrying value. REQUIRED: Calculate the following figures that will appear on the Cash Flow Statement: 1.1 income tax paid. (5 Marks) 1.2 Proceeds from disposal of fixed assets (carrying value). (5 Marks) 1.3 Net change in cash and cash equivalents. Indicate whether this is a net inflow or net outflow of cash. (5 Marks) 1.4 Complete the section of the Cash Flow Statement for cash effects of financing activities. (12 Marks)

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_2

Step: 3

blur-text-image_3

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

The Employee Motivation Audit

Authors: Jane Weightman

1st Edition

0955970709, 978-0955970702

More Books

Students also viewed these Accounting questions