please assist with answers and explanations

16. The proceeds from the sale of the old machine are CHAPTER 2 52 Corporate Finance A South African perspective Use the following information obtained from the 2013 firiancial staternents of Cashco Ltd to answer questions 9 to 13 2013 (R) 6 000 2012 (R) 10 000 12 000 20 000 22 000 7 000 15 000 Preference share dividends Turnover Taxation Ordinary share dividends Statement of comprehensive Income Statement of financial position 2013 (R) Trade receivables 15 000 100 000 Trade payables 8 000 60 000 Deferred tax liability 25 000 32 000 Dividends payable 13 000 14 000 Operating expenses Prepayments 9 000 Purchases 70 000 Tax payable 30 000 Cashco Ltd compiles its statement of cash flows according to the direct method. ADVANCED Use the following information obtained from the financial 9. Cashco Ltd's cash received from customers is: statements of Assetco Ltd to answer questions 14 to 16 A. R85 000 - The company's financial year ended on 31 December B. R95 000 2013. C. R100 000 The company purchased a new machine during D. R105000 2013 An old machine with a cost price of R40 000 was 10. Cashco Ltd's cash paid to suppliers is: sold at a profit of R5 000. A. R68 000 Depreciation of R30 000 was provided in the B. R70 000 statement of comprehensive income. C. R74 000 - PPE (at carrying value) amounted to R130 000 and D. R82 000 R150 000 at the beginning and the end of 2013, respectively. 11. Cashco Ltd's cash paid for operating expenses is: Accumulated depreciation amounted to R20 000 A. R12 000 B. R14 000 and R25 000 at the beginning and the end of 2013, respectively. C. R16 000 D. R20 000 12. Cashco Ltd's cash tax paid is: A. R40 000 B. R45 000 C. R55 000 D. R80 000 14. The cost price of the new machine purchased is A. R60 000 B. R65 000 C. R130 000 D. R150 000 13. Cashco Ltd's cash dividends paid are: A. R15 000 B. R38 000 C. R41 000 D. R47 000 15. The carrying value of the old machine sold is: A. R15 000 B. R40 000 C. R65 000 D. R130 000 A. R10 000 B. R15 000 C. R20 000 D Financial statements CHAPTER 2 17. Retco Ltd's profit after tax for the 2013 financial year is: A R140 000 B. R200 000 C. R250 000 D. R340 000 Use the following information obtained from the financial statements of Retoo Ltd to answer questions 17 and 18: . Retco Lld's retained earnings reported in the state- ment of financial position increased from R100 000 (at the end of 2012) to R150 000 (at the end of 2013). Ordinary dividends of R40 000 and preference share dividends of R20 000 are reported in the statement of comprehensive income at the end of the 2013 financial year The company reported a profit before tax of R200 000 at the end of the 2013 financial year. The company's effective tax rate was 30% during 2013 18. Retco Ltd's non-controlling interest in the statement of comprehensive income is: A. R30 000 B. R70 000 C. R90 000 D. R110 000 0 LONGER QUESTIONS BASIC 1. The following information from the 2013 statements of financial position and comprehensive income for Copycat Ltd is provided to you: 440 Statement of financial position Long-term loans granted Short-term loans Retained earnings Preference shares Cash 200 200 500 180 140 720 1 000 120 Tax payable Inventories Share capital Long-term loan Debentures PPE at carrying value Trade receivables Trade payables 180 1 000 360 360 Statement of comprehensive Income Preference share dividend 50 Cost of sales 1 200 58 250 Finance cost Ordinary share dividend Operating expenses Turnover Taxation 2 100 3 600 61 Using the information provided to you, you are required to complete Copycat Ltd's standardised statement of comprehensive income and statement of financial position