Question
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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