Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Missing balance sheet to the previous question Please don't Answer this It's an error Information extracted from the Statement of Financial Position for the past

image text in transcribed

Missing balance sheet to the previous question

Please don't Answer this It's an error

Information extracted from the Statement of Financial Position for the past two years: 2020 (R) 2019 (R) ASSETS Non-current assets Property, plant and equipment (fixed assets) Current Assets Inventories (all trading stock) Trade & other receivables Cash & cash equivalents 2 596 550 2 596 550 416 000 160 000 40 000 216 000 3 012 550 2 333 000 2 333 000 384 000 275 000 87 000 22 000 2 714 000 2020 (R) 2019 (R) EQUITY AND LIABILITIES Equity Ordinary share capital (issued at R10 each) Share premium Retained Income Non-Current liability (Mortgage loan, 12% p.a) Current liabilities Trade & other payables SARS (income tax) Shareholders for dividends 3 515 540 2 750 000 380 000 385 540 250 000 271 000 145 000 11 000 115 000 2 850 000 2 300 000 220 000 330 000 800 000 292 000 210 000 8 000 74 000 4 036 540 3 942 000 Information extracted from the Statement of Financial Position for the past two years: 2020 (R) 2019 (R) ASSETS Non-current assets Property, plant and equipment (fixed assets) Current Assets Inventories (all trading stock) Trade & other receivables Cash & cash equivalents 2 596 550 2 596 550 416 000 160 000 40 000 216 000 3 012 550 2 333 000 2 333 000 384 000 275 000 87 000 22 000 2 714 000 2020 (R) 2019 (R) EQUITY AND LIABILITIES Equity Ordinary share capital (issued at R10 each) Share premium Retained Income Non-Current liability (Mortgage loan, 12% p.a) Current liabilities Trade & other payables SARS (income tax) Shareholders for dividends 3 515 540 2 750 000 380 000 385 540 250 000 271 000 145 000 11 000 115 000 2 850 000 2 300 000 220 000 330 000 800 000 292 000 210 000 8 000 74 000 4 036 540 3 942 000

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

Accounting Ethics A Practical Approach

Authors: Howard J Levine

1st Edition

0692112898, 9780692112892

More Books

Students also viewed these Accounting questions

Question

How would you approach this unit?

Answered: 1 week ago

Question

2 What are the key barriers to implementing HRM?

Answered: 1 week ago

Question

1 What are three of the formative traditions in HRM?

Answered: 1 week ago