Q6

Which of the following alternatives represents the correct amount that must be disclosed as increase (decrease) in inventory in the cash generated from operations section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a.(13 400) b.(44 400) c.13 400 d.(57 800) e.44 400

Q7

Which of the following alternatives represents the correct amount that must be disclosed as dividend received in the cash flows from investing activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a.(2 700) b.2 700 c.0 d.10 000 e.(10 000)

Q8

Which of the following alternatives represents the correct amount that must be disclosed as dividend received in the cash flows from operating activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a.0 b.2 700 c.10 000

d.(2 700) e.(10 000)

The following information relates to Phokwane Limited: Extract of items from the statement of financial position information as at 28 February 2022: 2022 R 668 300 158 300 33 900 187 200 44 300 Land and buildings at cost Fumiture and equipment at cost Accumulated depreciation: Fumiture and equipment Loans to director Trade debtors control Interest receivable Trade creditors control Mortgage Share capital Retained eamings Revaluation reserve Current tax receivable Inventory Listed investment at fair value Bank (Dr) Interest payable Dividends receivable Dividends payable 26 800 62 400 587 800 800 200 134 400 20 300 57 800 235 000 36 700 10 600 17 500 8 600 2021 R 397 500 198 800 12 000 198 800 41 400 6 000 16 400 167 000 519 000 469 200 94 400 7200 44 400 188 600 25 200 7 600 10 600 13 800 Extract of items disclosed in the statement of profit or loss and other comprehensive income information for the year ended 28 February 2022: R Gain on financial assets at fair value through profit or loss 19 000 Rental income 17600 Investment income: Dividend received 9 600 Depreciation (fiumiture and equipment) 35 400 Loss on sale of furniture and equipment 10 400 Interest expense 9 000 Income tax expense 154 200 Additional information: 1. Dividends paid to shareholders (in cash) during the year amounted to R100 000. 2. Loans to directors are immediately callable 3. The sale or purchases of property, plant and equipment was in cash