Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
REQUIRED Prepare the Cash Flow Statement of Concha Limited for the year ended 3 1 December 2 0 2 3 . INFORMATION CONCHA LIMITED STATEMENT
REQUIRED Prepare the Cash Flow Statement of Concha Limited for the year ended December INFORMATION CONCHA LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER R Sales Cost of sales Gross profit Selling and administrative expenses Operating profit Interest expense Profit before tax Company tax Profit after tax STATEMENT OF FINANCIAL POSITION AS AT DECEMBER: Assets R R Noncurrent assets Land and buildings Plant and machinery Investments Current assets Inventories Accounts receivable Cash and cash equivalents Total assets Equity and liabilities R R Equity Ordinary share capital shares Retained earnings Noncurrent liabilities Longterm loan Current liabilities Accounts payable Company tax payable Dividends payable Total equity and liabilities Additional information Selling and administrative expenses included the following: R Depreciation on buildings Depreciation on plant and machinery There were no disposals of property, plant and equipment during Total dividends for the year ended December amounted to R Ninety percent of all purchases and sales of inventories are on credit.
REQUIRED
Prepare the Cash Flow Statement of Concha Limited for the year ended December
INFORMATION
CONCHA LIMITED
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER
R
Sales
Cost of sales
Gross profit
Selling and administrative expenses
Operating profit
Interest expense
Profit before tax
Company tax
Profit after tax
STATEMENT OF FINANCIAL POSITION AS AT DECEMBER:
Assets
R R
Noncurrent assets
Land and buildings
Plant and machinery
Investments
Current assets
Inventories
Accounts receivable
Cash and cash equivalents
Total assets
Equity and liabilities
R R
Equity
Ordinary share capital shares
Retained earnings
Noncurrent liabilities
Longterm loan
Current liabilities
Accounts payable
Company tax payable
Dividends payable
Total equity and liabilities
Additional information
Selling and administrative expenses included the following:
R
Depreciation on buildings
Depreciation on plant and machinery
There were no disposals of property, plant and equipment during
Total dividends for the year ended December amounted to R
Ninety percent of all purchases and sales of inventories are on credit.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started