Question 5: (5) The following information has been retrieved from Company PR's equity accounts for 20x1: Opening balance of share capital: R81 000 Closing balance of share capital: R172 000 Opening balance of share premium: R104 000 Closing balance of share premium: R126 000 Based on this information, calculate PR's net cash flows from these accounts in the 20x1 financial year. Question 6: (5) 5-A-DAY is a chain of 12 fruit and veg stores. Each 5-A-DAY store is classified as its own cash generating unit (CGU). 5-A-DAY's accounting department is conducting an impairment review of one of their CGU's. The assets of this particular CGU are detailed below. Goodwill: R60 000 Property: R200 000 Intangibles: R23 000 Equipment: R25 000 Other: R10 000 The impairment review has revealed that the fair value of the CGU's property is R180 000 and the net assets of the store as a whole is R210 000. Calculate the amounts that are allocated to impairments for "other", "intangibles", "goodwill" and "property". Question 8: Entity V is creating its annual statement of financial position as at 31 March 20x6. Entity V has already calculated its total equity for the period to be R650 000. It has also calculated the carrying value of Plant and Equipment (PE) after depreciation to be R130 000. Additional information from Entity V's trial balance is given below. Inventory: R100 000 Cash and cash equivalents: R38 000 Trade receivables: R310 000 Notes to the trial balance: 1) The fair value of land at 31 March 20x6 is R270 000. 2) Investments are carried at market value. The market value of Entity V's long-term investments as at 31 March 20x6 is R250 000. 3) On 30 June 20x5, Entity V sold equipment for R250 000. The buyer has not yet paid for this equipment and V has made no other entries in respect of this sale. Calculate the value of V's non-current assets and liabilities. Question 9: (5) The following information relates to the cash flow statement for Entity Q: Sales: R150 407 Purchase of intangible assets: R29 832 Proceeds from disposal of tangible assets: R9 309 . Proceeds of share issue: R16 901 Proceeds from long-term borrowings: R15 550 Interest received: R874 How should Entity Q record its cash flows from investing and financing activities? Question 4: (5) Below is a list of cash payments and cash receipts for Entity X: Cash paid to suppliers and employees: R900 000 Dividends paid: R85 000 . Interest paid: R14 000 . Purchase of asset: R175 000 Payments to settle long-term debt: R25 000 Income taxes paid: R28 000 . Cash received from customers: R1 200 000 What is Entity's net cash flow from operating activities? Page 4 of 12 Question 3: (5) In the X9 financial year, Company A issues 35 000 shares, with a nominal value of R1.10, at a 30% premium. Calculate the entry that Company A will make in its share premium account for this share issue? Question 2: The following information relates to asset X: Fair value less cost to sell: R45 000 Value in use: R48 000 Carrying value: R50 000 Based on the information above, explain with REASONS the following: a) Whether impairment exists? b) What is the recoverable amount? AB leases a 100 desk phones for use in one of its offices. The contract term states that there will be an annual rental payment of R9 000 for eight years. The lease arrangement begins on 1 July 20x0. As an incentive to AB, no payment is required in the first year, The desk phones are to be classified as a low-value item. Prepare the correct debit or credit entry that would be required in Entity AB's income statement for the year ended 30 June 20x1 in respect of the above transaction