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The following information relates to Moano Limited: Extract of items from the statement of financial position information as at 28 February 2022: 2022 2021 R

The following information relates to Moano Limited:

Extract of items from the statement of financial position information as at 28 February 2022:

2022 2021
R R
Land and buildings at cost 668 300 397 500
Furniture and equipment at cost 158 300 198 800
Accumulated depreciation: Furniture and equipment 33 900 12 000
Loans to director 187 200 198 800
Trade debtors control 44 300 41 400
Interest receivable - 6 000
Trade creditors control 26 800 16 400
Mortgage 62 400 167 000
Share capital 587 800 519 000
Retained earnings 800 200 469 200
Revaluation reserve 134 400 94 400
Current tax receivable 20 300 7 200
Inventory 57 800 44 400
Listed investment at fair value 235 000 188 600
Bank (Dr) 36 700 25 200
Interest payable 10 600 7 600
Dividends receivable 17 500 10 600
Dividends payable 8 600 13 800

Extract of items disclosed in the statement of profit or loss and other comprehensive income information for the year ended 28 February 2022:

R
Gain on financial assets at fair value through profit or loss 19 000
Rental income 17 600
Investment income: Dividend received 9 600
Depreciation (furniture and equipment) 35 400
Loss on sale of furniture and equipment 10 400
Interest expense 9 000
Income tax expense 154 200

Additional information:

1. Dividends paid to shareholders (in cash) during the year amounted to R100 000.

2. Loans to directors are immediately callable

3. The sale or purchases of property, plant and equipment was in cash.

Question 5

Which of the following alternatives represents the correct amount that must be disclosed as increase (decrease) in trade payables in the cash generated from operations section of the statement of cash flows of Moano Limited for the year ended 28 February 2022?

a. (10 400)

b. 10 400

c. 10 400

d. 2 500

e. (2 500)

Question 6

Which of the following alternatives represents the correct amount that must be disclosed as increase (decrease) in inventory in the cash generated from operations section of the statement of cash flows of Moano Limited for the year ended 28 February 2022?

a. 44 400

b. (44 400)

c. 13 400

d. (13 400)

e. (57 800)

Question 7

Which of the following alternatives represents the correct amount that must be disclosed as dividend received in the cash flows from investing activities section of the statement of cash flows of Moano Limited for the year ended 28 February 2022?

a. (10 000)

b. 0

c. 10 000

d. 2 700

e. (2 700)

Question 8

Which of the following alternatives represents the correct amount that must be disclosed as dividend received in the cash flows from operating activities section of the statement of cash flows of Moano Limited for the year ended 28 February 2022?

a. 2 700

b. (10 000)

c. (2 700)

d. 0

e. 10 000

Question 9

Which of the following alternatives represents the correct amount that must be disclosed as acquisition of listed investments in the cash flows from investing activities section of the statement of cash flows of Moano Limited for the year ended 28 February 2022?

a. 27 400

b. (46 400)

c. 0

d. 46 400

e. (27 400)

Question 10

Which of the following alternatives represents the correct amount that must be disclosed as acquisition of listed investments in the cash flows from operating activities section of the statement of cash flows of Moano Limited for the year ended 28 February 2022?

a. (46 400)

b. 27 400

c. (27 400)

d. 0

e. 46 400

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