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This information relates to the 2 4 questions below:SolaMin CC is a profitable business in the maintenance of solar systems for mines in Ermelo, Mpumalanga.

This information relates to the 24questions below:SolaMin CC is a profitable business in the maintenance of solar systems for mines in Ermelo, Mpumalanga. The CC has presented you with the following information for the preparation of the statement of cash flows for the previous financial year ended 31 August 2023
Extract from the statement of financial position as at 31 August 2023:2023-2022
Long - term loan 323,800225,200SARS - current tax payable 72,20051,000
Trade payables control 158,90085,900
Loans from members 137,80014,200Accrued water and electricity expenses 7,0003,400
Distribution to members payable 92,700128,300
Revaluation reserve 18,600-Retained earnings 273,60094,000Members' contributions 1,828,6001,681,600
Fixed deposit 25,10012,800
Vehicles at cost 147,000-Equipment (at cost)695,700617,300Land and buildings 1,051,700795,100
Accumulated depreciation:equipment 107,80038,100
Loans to members 87,20028,000Trade receivables control 66,90052,000
Investment (At fair value)277,200-
Inventory 150,30085,900
Prepaid security expense 53,90044,500
Dividend receivable 55,100232,300Bank 504,000707,500
Extract from the statement of profit or loss and other comprehensive income for the year ended 31 August 2023:
R
Revenue - sale of maintenance parts 1,701,600
Revenue - maintenance services 1,013,800
Cost of sales 935,800
Travel expenses 32,100
Repairs and maintenance expenses 38,900
Other operating expenses 266,000Water and electricity 108,800Depreciation on equipment191,400Security expenses 64,400
Profit on sale of equipment 19,100Interest income on loans to members 11,000
Interest expense on loans from members 24,000
Interest expense on long term loans 19,300
Investment income: dividend income 23,200
Income tax expense 168,900
Additional information
1. The company adopts the direct method for presenting cashflows from operating activities.
2. All inventory necessary for solar system maintenance-ranging from spare parts to entire solar panels- is procured and sold on credit terms.
3. This year, profit distributions totalling R194,000 were declared to members, reflecting the company's profitability and its commitment to returning value to its investors.
4. Over the financial year, significant refurbishments were made to the company's operational facilities, including the storage building for solar components.
5. Interest on loans given to and obtained from members is capitalised. All loans to members are immediately callable, while the total amount due to partners is payable on 30 June 2026.
6. During the year, equipment essential for maintaining solar systems- bought originally at R 19,000 and with accumulated depreciation, on the date of sale, of R7,000- was sold as part of the company's asset improvement strategy. The proceeds were reinvested in acquiring new, more efficient and technologically advanced equipment on 30 June 2023. This new machinery is expected to enhance the efficiency of maintenance operations and support the company's growth in the solar maintenance sector.7. The company maintains a strategic investment in 11,000 ordinary shares of Ermelo Energy Resources Ltd, a move that aligns with its core business by investing in a company that is also involved in the renewable energy sector. This investment was acquired at a cost of R24( per share) and the shares traded at R25.2 on 31 August 2023.
8. Land and buildings were appraised by an independent valuer and all the adiustmentshave been correctly recorded in the financial records of the CC.
9. On 31 August 2023, the finance managed discovered that the maintenance team had granted one of the customers a discount of R2,500 on a maintenance job done on the day. This is yet to be recorded by the finance team.
10. One of the members contributed a second - hand bakkie to the CC for use by themaintenance team to carry spare parts when travelling to different client sites. No other contributions were made by the members to the CC.
QUESTIONS:
1. Amount that must be disclosed as cash receipts from customers under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
2. Amount that must be disclosed as distributions to members paid under cash flows from financing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
3. Amount that must be disclosed as acquisition of listed investments under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the vear ended 31 August 2023?
4. Amount that must be disclosed as investments in property, plant and equipment to maintain operating capacity additions to land and buildings under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
5. Amount of purchases under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
6. Amount that must be disclosed as investments in property, plant and equipment to expand operating capacity additions to equipment under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
7. Amount that must be disclosed as dividends received under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
8. Amount that must be disclosed as proceeds from sale of machinery under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
9. Amount that must be disclosed as acquisition of fixed deposit under cash flows from financing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
10. Amount that must be disclosed as acquisition of listed investments under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
11. Amount that must be disclosed as interest paid under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
12. Amount that must be disclosed as proceeds from member's contributions under cash flows from financing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
13. Amount that must be amount that must be disclosed as dividends received under cash flows from financing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
14. Amount that must be disclosed as additional loans advanced to members under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the yer ended 31 August 2023?
15. Amount that must be disclosed as proceeds from loans from members under cash flows from financing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
16. Amount that must be disclosed as acquisition of fixed deposit under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
17. Amount that must be disclosed as investments in property, plant and equipment to expand operating capacity additions to land and buildings under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
18. Amount that must be disclosed as proceeds from long-term borrowings under cash flows from financing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
19. Amount that must be disclosed as additional loans advanced to members under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
20. Amount that must be disclosed as income tax paid under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
21. Amount that must be disclosed as investments in property, plant and equipment to maintain operating capacity additions to equipment under cash flows from investing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
22. Assume that the correct amount for purchases is R668000. Which of the followingalternatives represents the correct amount that must be disclosed as cash paid to suppliers and employees under cash flows from operating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
23. Amount that must be disclosed as interest paid under cash flows from financing activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?
24. Amount that must be disclosed as distributions to members paid under cash flows fromperating activities section in the statement of cash flows for SolaMin CC for the year ended 31 August 2023?

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