Moletji 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 86 000 71 300 Investments at fair value 188 700 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 3000 2 500 SARS (Income tax) 46 900 Dr 103 800 Trade receivables control 66 400 77 900 Prepaid expenses (advertising) 7 900 5 500 Bank 37 600 2 100 toms disclosed in the statement of profit or loss and other comprehensive income for the year ended 31 December 2020: Revenue Cast of sales Profit on sale or non-current assets: tuture Loss on sale on listed investments Dividend income listed investments Fair value gain listed investments Otter operating experises Administrative expenses (including salaries and wages) Depreciation Lons on sale of non-current asset vehicle Interest expense income tax expense Pot for the year R 2 107300 2 750 500 900 3600 8 SOO 14 900 540000 161 700 51 500 12 100 11 500 282 100 507600 Additional information: 1. The following relates to property, plant and equipment: . On 31 October 2020. a vehicle with a cool price of R71 000 and accumulated depreciation of R50 000 on 1 January 2020) was sold for cash. A replacement vehicle was bought on 1 December 2020 On 20 June 2020. fumture with a cost price of R4000 and accumulate depreciation of R1 200 was sold to cash A replacement furniture was bought on 31 July 2020 . All other purchases were in cast. Z 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-ine method, at 20% per annum 3. The following relates to the shares 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 98 000 shares. The capitalisation issue was done from retained camnings 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 The investments cost of listed shares in Mankweng Lid bought for R3 each on 1 January 2020. The company sold 4000 of these shares on 30 November 2020 The following relates to loans for the company Interest on long-term loans is captalled Loans to directors are interest free and immediately calable Loans from shareholders are interest free and repayable on 30 November 2022 QUESTION 2 Which of the following aferades represents the coffect amount of total non-cash items added to deducted from profefore tax as part of the adjustments in the cash generated from operations section according to indirect method in the statement of cash flow of Moloi Limited for the year ended 31 December 2020? A. 51400 B. 31300 C. 43 100 D. 40 000 . E4200 F. 66300 Resist Section Weston 32 25 Point QUESTION Which of the following attres represents the correct amount of batal sapatatal disclosable termes added to dested from proft before tax as part of the afisents in the cash greated from operators section according to indiest method the sacomer of cash flow of Wolds Limited for the year the 31 December 2007 A 20 H.2500 0.2000 D. 10 000 E000 F. 1100 Reset ble ca Question of 30 25 Point QUESTION 4 Which of the following armatives represents the connect amount that must be disclosed as increase (decrease in inventory the cash generated from operations section of the statement of cash toes of Molet Limited for the year ended 31 December 202017 A. 20 000 0.32000 C. (2000) . 35500 E. 32 000 F.138 500) Quo 25 Points QUESTIONS Which of the folowng es represente corect amount to be closed as inerente decrease in trade receivables in the cash generated from operations section of the Swalent of cash flow of Limited for the year ended 31 December 2007 A(1500 (1600 G. (1 10 500 E. 11 500 F. 11700 Preset Selection Moletji 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 86 000 71 300 Investments at fair value 188 700 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 3000 2 500 SARS (Income tax) 46 900 Dr 103 800 Trade receivables control 66 400 77 900 Prepaid expenses (advertising) 7 900 5 500 Bank 37 600 2 100 toms disclosed in the statement of profit or loss and other comprehensive income for the year ended 31 December 2020: Revenue Cast of sales Profit on sale or non-current assets: tuture Loss on sale on listed investments Dividend income listed investments Fair value gain listed investments Otter operating experises Administrative expenses (including salaries and wages) Depreciation Lons on sale of non-current asset vehicle Interest expense income tax expense Pot for the year R 2 107300 2 750 500 900 3600 8 SOO 14 900 540000 161 700 51 500 12 100 11 500 282 100 507600 Additional information: 1. The following relates to property, plant and equipment: . On 31 October 2020. a vehicle with a cool price of R71 000 and accumulated depreciation of R50 000 on 1 January 2020) was sold for cash. A replacement vehicle was bought on 1 December 2020 On 20 June 2020. fumture with a cost price of R4000 and accumulate depreciation of R1 200 was sold to cash A replacement furniture was bought on 31 July 2020 . All other purchases were in cast. Z 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-ine method, at 20% per annum 3. The following relates to the shares 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 98 000 shares. The capitalisation issue was done from retained camnings 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 The investments cost of listed shares in Mankweng Lid bought for R3 each on 1 January 2020. The company sold 4000 of these shares on 30 November 2020 The following relates to loans for the company Interest on long-term loans is captalled Loans to directors are interest free and immediately calable Loans from shareholders are interest free and repayable on 30 November 2022 QUESTION 2 Which of the following aferades represents the coffect amount of total non-cash items added to deducted from profefore tax as part of the adjustments in the cash generated from operations section according to indirect method in the statement of cash flow of Moloi Limited for the year ended 31 December 2020? A. 51400 B. 31300 C. 43 100 D. 40 000 . E4200 F. 66300 Resist Section Weston 32 25 Point QUESTION Which of the following attres represents the correct amount of batal sapatatal disclosable termes added to dested from proft before tax as part of the afisents in the cash greated from operators section according to indiest method the sacomer of cash flow of Wolds Limited for the year the 31 December 2007 A 20 H.2500 0.2000 D. 10 000 E000 F. 1100 Reset ble ca Question of 30 25 Point QUESTION 4 Which of the following armatives represents the connect amount that must be disclosed as increase (decrease in inventory the cash generated from operations section of the statement of cash toes of Molet Limited for the year ended 31 December 202017 A. 20 000 0.32000 C. (2000) . 35500 E. 32 000 F.138 500) Quo 25 Points QUESTIONS Which of the folowng es represente corect amount to be closed as inerente decrease in trade receivables in the cash generated from operations section of the Swalent of cash flow of Limited for the year ended 31 December 2007 A(1500 (1600 G. (1 10 500 E. 11 500 F. 11700 Preset Selection