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suon for questions 13 to 16: (continued) Extract of items disclosed in the statement of profit or loss and other comprehensive income for the year

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suon for questions 13 to 16: (continued) Extract of items disclosed in the statement of profit or loss and other comprehensive income for the year ended 28 February 2020 R Revenue 750 900 Cost of sales 294 540 Profit on sale of non-current asset (land and buildings) 15 000 Rental income 7 200 Operating and administrative expenses (salaries and wages included) 105 000 Depreciation 1 800 Interest expense (long-term loan) 9 000 Profit for the year 337 240 Additional information (a) The fixed deposit was made on 28 February 2020. (b) The long-term loan is repayable in November 2022. Interest is charged per annum and is capitalised (c) No land and buildings were purchased during the year. Fifty percent of the selling price of the land and buildings was received in cash, whereas the outstanding amount is to be received in May 2020. The bookkeeper included amount owing was included in the trade debtors account. (d) No furniture or equipment was sold or scrapped during the year. All purchases were paid for in cash le) All purchases of inventory were on credit. All of the other expenses, except the accrued expenses were paid in full (0) On 28 February 2020, the members of the CC decided on a profit distribution of R193 600 elvables balance al 28 February 2020 pertains to trade debtors and the debtor in Additional information (a) The fixed deposit was made on 28 February 2020. (b) The long-term loan is repayable in November 2022. Interest is charged per annum and is capitalised (c) No land and buildings were purchased during the year. Fifty percent of the selling price of the land and buildings was received in cash, whereas the outstanding amount is to be received in May 2020. The bookkeeper included amount owing was included in the trade debtors account. (d) No furniture or equipment was sold or scrapped during the year. All purchases were paid for in cash. (e) All purchases of inventory were on credit. All of the other expenses, except the accrued expenses, were paid in full (1) On 28 February 2020, the members of the CC decided on a profit distribution of R193 600. (g) The trade receivables balance at 28 February 2020 pertains to trade debtors and the debtor in respect of the sale of land and buildings (h) All capital contributions were made in cash. (1) Income tax expense for the financial year amounted to R12 760 QUESTION 13 (9 marks) Which one of the following alternatives represents the correct amount that must be disclosed as cash generated from operations (using the INDRECT METHOD) in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R387 360 2. R374 000 3. R374 600 4. R361 840 QUESTION 14 (1% mark) Which one of the following alternatives represents the correct amount that must be disclosed as distributions to members paid in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R183 800 2. R377 400 3. R193 600 4. R 92 000 QUESTION 15 (2% marks) Which one of the following alternatives represents the correct amount that must be disclosed as net cash from investing activities in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R124 800 2. R169 800 3 R 87 300 4 R 27 300 QUESTION 16 (2marks) disclosed as net QUESTION 16 (2/2 marks) Which one of the following alternatives represents the correct amount that must be disclosed as net cash from financing activities in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R110 000 2. R121 000 3. R130 000 4. R120 000 suon for questions 13 to 16: (continued) Extract of items disclosed in the statement of profit or loss and other comprehensive income for the year ended 28 February 2020 R Revenue 750 900 Cost of sales 294 540 Profit on sale of non-current asset (land and buildings) 15 000 Rental income 7 200 Operating and administrative expenses (salaries and wages included) 105 000 Depreciation 1 800 Interest expense (long-term loan) 9 000 Profit for the year 337 240 Additional information (a) The fixed deposit was made on 28 February 2020. (b) The long-term loan is repayable in November 2022. Interest is charged per annum and is capitalised (c) No land and buildings were purchased during the year. Fifty percent of the selling price of the land and buildings was received in cash, whereas the outstanding amount is to be received in May 2020. The bookkeeper included amount owing was included in the trade debtors account. (d) No furniture or equipment was sold or scrapped during the year. All purchases were paid for in cash le) All purchases of inventory were on credit. All of the other expenses, except the accrued expenses were paid in full (0) On 28 February 2020, the members of the CC decided on a profit distribution of R193 600 elvables balance al 28 February 2020 pertains to trade debtors and the debtor in Additional information (a) The fixed deposit was made on 28 February 2020. (b) The long-term loan is repayable in November 2022. Interest is charged per annum and is capitalised (c) No land and buildings were purchased during the year. Fifty percent of the selling price of the land and buildings was received in cash, whereas the outstanding amount is to be received in May 2020. The bookkeeper included amount owing was included in the trade debtors account. (d) No furniture or equipment was sold or scrapped during the year. All purchases were paid for in cash. (e) All purchases of inventory were on credit. All of the other expenses, except the accrued expenses, were paid in full (1) On 28 February 2020, the members of the CC decided on a profit distribution of R193 600. (g) The trade receivables balance at 28 February 2020 pertains to trade debtors and the debtor in respect of the sale of land and buildings (h) All capital contributions were made in cash. (1) Income tax expense for the financial year amounted to R12 760 QUESTION 13 (9 marks) Which one of the following alternatives represents the correct amount that must be disclosed as cash generated from operations (using the INDRECT METHOD) in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R387 360 2. R374 000 3. R374 600 4. R361 840 QUESTION 14 (1% mark) Which one of the following alternatives represents the correct amount that must be disclosed as distributions to members paid in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R183 800 2. R377 400 3. R193 600 4. R 92 000 QUESTION 15 (2% marks) Which one of the following alternatives represents the correct amount that must be disclosed as net cash from investing activities in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R124 800 2. R169 800 3 R 87 300 4 R 27 300 QUESTION 16 (2marks) disclosed as net QUESTION 16 (2/2 marks) Which one of the following alternatives represents the correct amount that must be disclosed as net cash from financing activities in the statement of cashflows of R'YouSure CC for the year ended 28 February 2020? 1. R110 000 2. R121 000 3. R130 000 4. R120 000

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