Moleti Ltd is public company owned by two prominent business women and the local community trust around the Capricom District Municipality. The company was founded in the year 2018 and the following information pertains to the company: Extract of accounts pertaining to the statement of financial position as at 31 December: 2020 2019 R R Long-term loan 112 500 89 100 Loans to directors 47 900 13 800 Loans from shareholders 11 100 34 100 Trade payables control 59 900 48 000 Accrued security expense 7100 1 800 Land and buildings at cost 758 700 615 500 Vehicles at cost 267 100 130 100 Furniture at cost 88 000 71 300 Investments at fair value 168 700 Accumulated depreciation: Vehicles 62 600 47 600 Accumulated depreciation: Fumiture 15 700 13 300 Share capital: ordinary shares 515 200 256 800 Share capital: 12% preference shares 265 500 177 900 Retained earnings 484 100 370 400 Inventory 115 700 77 200 Dividends payable 46 900 14 900 Dividends receivable 3 000 2 500 SARS (Income tax) 46 900 Dr 103 800 Trade receivables control 66 400 77 900 Prepaid expenses (advertising) 7900 5 500 Bank 37 600 2100 tome disclosed in the statement of profit or loss and other comprehensive income for the year anded 31 December 2020: Revers Cost of sales Proft on sale of noncurrent assets furniture Loss on sale on listed investments Dividend income listed investments Far value gan listed investment Other operating expenses Administrative expenses (including salaries and wages) Depreciation Loss on ole of non current et vehicle interest expense income tax expense Pot for the year 2 107300 750 500 900 3.600 8 900 14 000 140 000 161 700 61 500 12 100 11 500 232 100 507000 Additional information: The following relates to property, plant and equipment . On 31 October 2020, a vehicle with a cost price of R71 000 and accumulated depreciation of 50 000 on 1 January 2020, was sold for cash, Areplacement vehicle was bought on 1 December 2000 . On 20 June 2020 lumture with a cost price of R4000 and accumulated depreciation of R1 200 was sold for cash. A replacement future was bought on 31 July 2020 All other purchases were in cash 2 is the accounting policy of the company to provide for depreciation as follows Vehicles According to the diminishing balance method at 20% per annum Furniture: According to the straight-ire metod, at 25 petarum 2. The following relates to the stures of the company On 31 August 2020, the shareholders approved the capitalisation issue of one (1) ordinary share for every four (4) ordinary shares held. On that date the number of ordinary shares issued were 9 000 shares. The capitalisation issue was done from retained carings at RO 50 per share. All other issued shares were paid for in cash The company allotted and issued 45 000 ordinary shares and 12% preference share on 31 October 2020. . On 15 December 2020 the company declared an ordinary dividend of 30 cents per share. 4 The investments consist of isted shares in Mankweng Ltd, bought for Ra each on 1 January 2020. The company sold 4 000 of these shares on 30 November 2020. 5. The following relates to loans for the company . Interest on long-term loans is capitalised Loans to directors are interest free and immediately calable. Loans from shareholders are interest free and repayable on 30 November 2022 QUESTION 14 Which of the following alteratives 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 Moletji Limited for the year ended 31 December 2007 A. (145 400) BO . C. (125300) D. (125 500) E. (144 100) F. (165 800) Reset Selection Question 15 of 32 25 Points QUESTION 15 Which of the following atematives represents the correct amount that must be disclosed as proceeds from sale of listed Investments in the cash tows from investing activities section of the statement of cash flow of Molet Limited for the year ended 31 December 2020? . A. 15 100 B. 9 400 C. 8 000 D. 400 E. 15 000 Roset Selection Question 16 of 32 3.5 Points QUESTION 16 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from sale of listed Investments in the cash flows from operating activities section of the statement of cash flows of Moleji Limited for the you ended 31 December 20202 A. 400 B. 800 . C. D. 8400 E 15 600 F. 15 100 Reset Selection Question 17 of 2 25 Points QUESTION 17 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 fows from financing adables section of the statement of cash rows of Molet Limited for the year ended 31 December 20207 A. (38 100) B. (42700) . C. (30 300) D. (34 100) . LEO 27 000) Reset Selection