Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On 28 February 2022 the share register reflected that a total of 690 000 shares had been issued to date. Fixed assets: Additional property was
On 28 February 2022 the share register reflected that a total of 690 000 shares had been issued to date. Fixed assets: Additional property was purchased for R2 100 000. 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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started