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please answer all questions. Question 2 (45 Marks) The statement of Profit and Loss and other Comprehensive income and the Statement of Financial Position as
please answer all questions.
Question 2 (45 Marks) The statement of Profit and Loss and other Comprehensive income and the Statement of Financial Position as at 28 February 2021 for Sefika Ltd is presented below: Senika Ltd Statement of Profit and Loss and other Comprehensive income for the year ended 28 February 3021 Sefika Ltd Statement of Financial position as at 23 February 2021 Additional information: 1. Plant and equipment which cost N$48000 were sold and accumulated depreciation to the date of sale amounted to N$34000. 2. Included in other operating expenses is a depreciation expense of N$120000. YOU ARE REQUIRED TO: 1. Prepare a statement of Cash Flows for Sefika Ltd for the year ended 28 February 32021, using the direct method. (27 marks) 2. Prepare the note to reconcile the cash generated from operations to profit before tax. (5 marks) 4. Comment briefly on the gearing and profitability position of Sefika Ltd Step by Step Solution
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