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QUESTION FOUR [25] The following information was extracted from the statement of financial position of XYZ Ltd as at 31 March 2019. Extract from the
QUESTION FOUR [25] The following information was extracted from the statement of financial position of XYZ Ltd as at 31 March 2019. Extract from the statement of comprehensive income for the year ended 31 March 2019 4 Additional information: 1. Shares were issued for cash during the year. 2. Dividends of R18000 were declared during the current financial year. 3. On 31 October, machinery with a carrying amount of R11 000 was sold for cash. A replacement machine as well as additional machinery was purchased for cash. 4. No long-term borrowings were made during the year. 5. Investments were sold during the year. No new investments were purchased. Required: Prepare the statement of cash flows of XYZ Ltd for the year ended 31 March 2019. Use the indirect method. QUESTION FOUR [25] The following information was extracted from the statement of financial position of XYZ Ltd as at 31 March 2019. Extract from the statement of comprehensive income for the year ended 31 March 2019 4 Additional information: 1. Shares were issued for cash during the year. 2. Dividends of R18000 were declared during the current financial year. 3. On 31 October, machinery with a carrying amount of R11 000 was sold for cash. A replacement machine as well as additional machinery was purchased for cash. 4. No long-term borrowings were made during the year. 5. Investments were sold during the year. No new investments were purchased. Required: Prepare the statement of cash flows of XYZ Ltd for the year ended 31 March 2019. Use the indirect method
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