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The following information was extracted for the accounting records of Raz Limited for the financial year ended 30 April 2020. 1. Extract from the statement

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The following information was extracted for the accounting records of Raz Limited for the financial year ended 30 April 2020. 1. Extract from the statement of financial position as at 30 April 2020. Comparative figures for the year ended 30 April 2019 are also included: 30 April 2020 30 April 2019 ASSETS B B Property, plant and equipment 460 000 300 000 Land and building a cost 400 000 Equipment at carrying value 60 000 70 000 investments in shares 330 000 220 000 inventory 248 000 240 000 Trade debtors 74 000 57000 Prepaid expenses NH 3000 Total assets 1 112 000 910 000 EQUITY & LIABILITIES Equity 910 000 GOOOO Ordinary share capital 800 000 500 000 Retained earnings 110 000 10 000 Liabilities 202 000 310 000 12,5% Debentures 40 000 120 000 Trade creditors 50 000 85000 Bank overdraft 42 000 50 000 income tax payable 10 000 15 000 Dividends payable 60 000 40 000 Total equity and liabilities 1112 000 910 000 2. Extract from the statement of changes in equity for the year ended 30 April 2020 30 April 2020 R Dividends on ordinary shares 120 000 3.Items taken from the statement of comprehensive income for the year ended 30 April 2020: 30 April 2020 R Dividend received on investments 36 000 Depreciation on equipment 10 000 interest expense 15 000 Proft before tax 320 000 income tax expense 100 000 Additional information: No equipment was purchased or sold during the current financial period. 2. Ordinary shares were issued for cash during the year. Required: Take all the above information into account and prepare the statement of cash flows of Raz Limited for the year ended 30 April 2020. The indirect method is in use for the preparation of statements of cash flows. Your answer must comply with the International Financial Reposting Standards (IFRS) appropriate to this type of business. Comparative figli Boud off all cline to thanat Band

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