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Please help with multiple choice Asap. im on a deadline. Please STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31
Please help with multiple choice Asap. im on a deadline. Please
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2020 R Sales 1 100 000 Cost of sales: -760 000 Opening inventory 120 000 Purchases 800 000 Carriage on purchases 40 000 Less: closing inventory -200000 Gross profit 340 000 Operating expenses Salaries and wages Water and electricity Telephone Sales commission Selling expenses Stationery Depreciation -286 000 100 000 24 000 10 000 36 000 7 000 9 000 100 000 Profit before interest and finance charges Interest received Interest paid 54 000 30 000 -15000 Net profit for the year 69 000 TREE FLOWER TRADERS STATEMENT OF FINANCIAL POSITION ON 31 DECEMBER 2020 2020 R 2019 2019 R ASSETS Non-current assets Equipment Vehicles Fixed deposit 600 000 400 000 100 000 100 000 555 000 500 000 0 55 000 Current assets Inventory Trade debtors Cash and cash equivalents 300 000 200 000 40 000 60 000 257 000 120 000 60 000 77 000 EQUITY AND LIABILITIES Equity Capital Drawings 470 000 500 000 -30 000 400 000 400 000 0 Non-current liabilities Loan: Green Bank 200 000 200 000 0 0 Current liabilities Accrued expenses 230 000 30 000 412 000 40 000 mivemory Trade debtors Cash and cash equivalents 200 VOU 40 000 60 000 120 000 60 000 77 000 EQUITY AND LIABILITIES Equity Capital Drawings 470 000 500 000 -30 000 400 000 400 000 0 Non-current liabilities Loan: Green Bank 200 000 200 000 0 Current liabilities Accrued expenses Trade creditors Short-term loan 230 000 30 000 200 000 0 412 000 40 000 320 000 52 000 Additional information: The depreciation of R100 000 relates to equipment Discount given to clients amounted to R24 000. . Where applicable, amounts must be rounded off to the nearest R1. What is the amount for cash received from customers on the statement of cash flow? A. R1 096 000 B. R1 056 000 C.R1 120 000 D. None of the above What is the amount for total administrative expenses on the statement of cash flow? A. R150 000 B. R243 000 CR143 000 D. None of the above What is the amount for total selling expenses on the statement of cash flow? O A. R36 000 B. R43 000 C. R47 000 D. None of the above The cash flow from investment activities amounts to R and this is a amount. A. R145 000 and negative B. R100 000 and positive CR145 000 and positive D. R100 000 and negative What is the cash flow from financing activities for the year? A. R500 000 B. R255 000 C. R253 000 D. None of the above Step by Step Solution
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