Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

REQUIRED Use the information provided below to prepare the Cash Flow Statement of Nascar Limited for the year ended 31 December 2021. INFORMATION The following

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
REQUIRED Use the information provided below to prepare the Cash Flow Statement of Nascar Limited for the year ended 31 December 2021. INFORMATION The following Information was extracted from the records of Nascar Limited for the past two years: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER: - The issue price of al the shares is R10 each. New shares were issued on the first day of the financial Additional information - The issue price of all the shares is R10 each. New shares were issued on the first day of the financial year. Interim and final dividends for the year ended 31 December 2021 amounted to R1 413000 . Fixed assets were sold at carrying (book) value during the year for R1 440000 . Fixed assets were also purchased. - The shares in Nascar Limited are currently selling for R12 each. - All purchases and sales of inventories are on credit. - The following ratios have been calculated: Additional information - The issue price of all the shares is R10 each. New shares were issued on the first day of the financial year. - Interim and final dividends for the year ended 31 December 2021 amounted to R1413000. - Fixed assets were sold at carying (book) value during the year for R1 440000 . Fixed assets were also purchased. - The shares in Nascar Limited are currently seling for R12 each. - All purchases and sales of inventories are on credit. - The following ratios have been calculated

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is Working Capital ? Explain its types.

Answered: 1 week ago