Q1- Which of the following alternatives represent the correct amount that must be disclosed as cash receipts from customers under cash flows from operating activities section in the statement of cash flows for Mat-Mal Mining Services CC for the year.

A) 748 900 B) (748 700) C) 748 700 D) (748 900)

Q2- Which of the following alternatives represent the correct amount of cash purchases in the cash generated from operations section in the statement of cash flows for mat-mak mining services CC for the year ended 31 August 2021? A) (367 300) B) (350 700) C) 367 300 D) 350 700

Q3- Assume that the correct amount for cash purchases is R350 000. Which of the following alternatives represents the correct amount that must be disclosed as cash paid to suppliers and employees under cash flows from operating activities section in the statement of cash flows for Mat-Mak Mining Services CC for the year ended 31 August 2021?

A) 406 200 B) (297 000) C) 297 000 D) (406 200)

Q4- Which of the following represents the correct amount that must be disclosed as dividends received under cash flows from operating activities in the statement of cash flows for Mat-Mak Mining CC for the year ended 31 August 2021? A) 71 700 B) 12 800 C) (71 700) D) (12 800) Q5- Which of the following represents the correct amount that must be disclosed as Interest Paid received under cash flows from operating activities in the statement of cash flows for Mat-Mak Mining CC for the year ended 31 August 2021?

A) 23 900 B) 10 700 C) (10 700) D (23 900)

Q6- Which of the following alternatives represents the correct amount that must be disclosed as income tax under cash flows from operating activities in the statement of cash flows for Mat-Mak Mining Services CC for year ended 31 August 2021?

A) (101 000) B) 101 000 C) 84 800 D) (84 800)

Q7- Which of the following alternatives represents the correct amount that must be disclosed as distributions to members paid under cash flows from operating activities in the statement of cash flows for Mat-Mak Mining Services CC for year ended 31 August 2021?

A) (59 900) B) 59 900 C) 33 000 D) (33 000)

Q8- Which of the following alternatives represent the correct amount that must be disclosed as acquisition of listed investments under cash flows from investing activities section in the statement of cash flows for Mat-Mak mining services CC for the year ended 31 August 2021? A) 54 000 B) (72 00) C) 0 D( 54 000)

Q9- Which of the following alternatives represents the correct amount that must be dislclosed as additional loans advanced to members under cash flows from investing activities section in the statement of cash flows for Mat-Mak mining services CC for the year ended 31 August 2021? A) 36 900 B) 0 C) (36 900) D) (49 200)

Q10- Which of the following alternatives represent the correct amount that must be disclosed as investments in property, plant and equipment to expand operating capacity additions to land and building under cash flows from investing activities section in the statement of cash flows for Mat-Mak Mining CC for the year ended 31 August 2021? A) (179 800) B) (255 300) C) 179 800 D) 0

61 200 Loans to members 27 800 The following information which relates to Mat-Mak Mining Services CC is presented to you for the preparation of the statement of cash flows for the previous financial year ended 31 August 2020 Extract of balances presented as at 31 August 2020: 2020 2019 R R Members' contributions 999 600 876 500 Retained earnings 181 000 64 600 Long-term loan 222 000 160 800 Distrbution to members payable 88 100 76 800 782 Loans from members 92 900 02 Trade payables control 19 107 200 54 200 48 600 e 32 400 Land and buildings (at cost) 791 400 536 100 Machinery (at cost) 433 000 416 200 Accumulated depreciation Machinery 121 300 54 300 Investment at cost) 140 500 Inventory 40 800 24 200 Dividend receivable 14 900 73 800 Trade receivables control 75 200 74 400 Prepaid advertising expense 14 300 12 400 Accrued security expenses 5 300 2400 Accrued rental income 4 100 3 900 Bank 137 100 202 300 Current tax payable 749700 350 700 37 000 12800 Extract from the statement of profit or loss and other comprehensive income for the year ended 31 August 2020: R Revenue Cost of sales Rental income Investment income: dividend income Fair value gain on Isted investments 18 000 Interest income on loans to members 12 300 Interest expense on loans from members Interest expenso on long term loans 10 700 Income tax expense Loss on sale of machinery 7 200 900 Other operating expenses 18 900 Repairs and maintenance 23 000 Telephone expenses 25 300 Water and electricity 43 000 Depreciation on machinery 75 900 13 200 101 000 Additional information 1. Cash flows from operating activities are presented using the direct method 2 Profit distribution to members amounted to R33 000. 2. All inventories are purchased and sold on credit 3. Interest on loans advanced to and received from members is capitalised. All loans to members are immediately callable whilst the total amount owing to members is payable on 31 August 2023 4 Machinery with a cost price of R26 800 and accumulated depreciation of RS was sold for cash. A replacement machinery was bought on 30 June 2020. 5. The additional member's contributions include a piece of land worth R75 500. 6. Investments consist of the following: R88 500 Fixed deposit at Malahleni Bank (Maturity date - 30 November 202 18 000 Ordinary shares in Kungwini Limited