YouTube 20.20 R 228 300 217 300 37 400 110 000 341 000 192 700 65 000 83 300 Share capital: Ordinary shares Share capital: Preference shares Retained earnings Long-term loan - ABC Bank Land and buildings at cost Machinery and equipment at carrying amount Inventory Trade receivables control Listed investments Bank Trade payables control SARS (income tax) Dividends payable Dividends receivable Accrued expenses (wages) Prepaid expenses Revenue Cost of sales Administrative, distribution and other expenses Fair value gain on listed investments Dividends income Loss on sale of machinery and equipment Income tax expense Depreciation Wages Insurance expense 20.21 R 280 500 231 000 46 200 77 000 363 000 202 300 73 500 92 700 130 000 15 200 56 500 55 400 36 200 25 200 15 900 9 100 785 400 371 900 140 200 6 400 16 800 8 100 47 200 12 500 73 400 10 100 26 300 53 600 37 700 32 000 21 000 11 400 3 200 CI60121.51 1F X C The following intormation Pentax C1601 21-S11E/tool/5fe1882 2217-4b8e 9706 24619f8cb8f9/jsf/delivery/deliver Assessment * YouTube 2. Additional information 2.1 The following pertains to property, plant and equipment: 2.1.1 During the year machinery and equipment with a carrying amount of R35 000 was sold. This transaction has been correctly recorded. 2.1.2 Land and buildings with a cost price of R50 000 were sold for cash at the same amount. Land and buildings are not depreciated. 2.1.3 All purchases of property, plant and equipment pertained to replacements and were paid in full. 2.2 On 29 February 20.21 Dolly Limited declared ordinary shares dividend of 38 cents per share whilst the preference share dividends amounted to R20 800. 2.3 The interest expense on the long-term loan amounted to R8 500 and was added in the administrative, distribution and other expenses amount above. 2.4 On 31 August 20,20, when the total number of ordinary shares issued were 120 000 shares, the shareholders approved the capitalisation issue of one (1) ordinary share for every four (4) ordinary shares held. The capitalisation issue was done from retained earnings at R0.50 per share. All other issued shares were paid for in cash, QUESTION 1 QUESTION 1 Which of the following alternatives represents the correct amount that must be disclosed as cash receipts from customers in the cash generated from operations section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 686 000 B. 776 000 . C. 877 800 . D. 887 600 . E. 695 000 . F. 785 400 Reset Selection QUESTION 2 Assume the correct cash receipts from customers is R800 000. Which of the following alternatives represents the correct amount that must be disclosed as cash generated from operations in the cash flows from operating activities section according to direct method in the statement of cash flows of Dolly Limited for the year ended 28 February 20.21? A. 267 900 . B. 218 400 C. 280 900 D. 133 200 . E. 205 900 F. 333 900 Roset Selection QUESTION 3 Which of the following alternatives represents the correct amount that must be disclosed as interest paid in the cash generated from operations section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 8 500 . B. 45 800 . C. (8 550) D. (8 500) . E. 8 550 F. (45 800) QUESTION 4 Which of the following alternatives represents the correct amount that must be disclosed as income tax paid in the cash flows from operating activities section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (47 200) B.(29 000) C. (29 800) . D. (29 500) E. 48 700) F. 445 800) Reset Selecido QUESTION 5 Which of the following alternatives represents the correct amount that must be disclosed as dividends received in the cash flows from operating activities section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 11 000 . B. 12 600 . C. 16 800 D. 18 900 E. 14 400 F. 15 000 Reset Selection QUESTION 6 Which of the following alternatives represents the correct amount that must be disclosed as dividends paid in the cash flows from operating activities section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (62 400) . B. (73 800) C. (62 200) D. (61 900) . E. (73 600) . F. 73.300) Reset Selection Question 7 of 17 2.5 Points QUESTION 7 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 according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (123 800) B. (115 000) 0 0 . C.0 D. (139 400) E. (130 000) . F. (110 000) Reset Selection in An17 2.5 Points QUESTION 8 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 according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (115 000) . B. (110 000) C. (123 600) . D. (130 000) E. (139 400) F. O Reset Selection QUESTION 9 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of machinery and equipment under investment in property, plant and equipment to expand operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (22 000) . B. (57 000) . C. (57 500) D. (57 100) E. (22 500) . F.0 Reset Selection QUESTION 10 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of machinery and equipment under investment in property, plant and equipment to maintain operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (57 500) B. (57 000) . . C.0 . D. (57100) E. (22 000) F. (22 500) . Reset Selection QUESTION 11 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of land and buildings under investment in property plant and equipment to maintain operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (72 000) B. (74200) . C.O . D. (22 000) . E. (24 200) - F. (70 000) Reset Selection QUESTION 12 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of land and buildings under investment in property plant and equipment to expand operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20 21? . A. (70000) B. (74200) . C. 24 200) D. 22 000) . E. (72000) . OF.0 Resot Selection QUESTION 13 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from sale of land and buildings in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 50 000 B. (50 000) CO D. (55 000) . E. 55 000 . F. (55 500) Rose Selection QUESTION 14 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from sale of machinery and equipment in the cash flows from investing activities in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? A. 42 800 . B. 26 900 . C. 43 100 . D. 28 000 E. 42 000 . F. 27 200 Reset Selection QUESTION 15 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from issue of shares in the investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 65 900 . B.72 400 C. 50 900 . DO E. 57 400 . F. 45000 Reset Selection QUESTION 16 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from issue of shares in the financing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 65 900 . B. 45 000 C. 60 000 D.72 400 E. 50 900 F. 57 400 Resot Selection Question 17 of 17 20 Points QUESTION 17 Which of the following alternatives represents the correct amount that must be disclosed as repayment of long- term loans in the financing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? A. (38 500) . B. (42 100) C. (33 000) D. (45 100) . E. (36 300 F. (30 000) Roset Solection YouTube 20.20 R 228 300 217 300 37 400 110 000 341 000 192 700 65 000 83 300 Share capital: Ordinary shares Share capital: Preference shares Retained earnings Long-term loan - ABC Bank Land and buildings at cost Machinery and equipment at carrying amount Inventory Trade receivables control Listed investments Bank Trade payables control SARS (income tax) Dividends payable Dividends receivable Accrued expenses (wages) Prepaid expenses Revenue Cost of sales Administrative, distribution and other expenses Fair value gain on listed investments Dividends income Loss on sale of machinery and equipment Income tax expense Depreciation Wages Insurance expense 20.21 R 280 500 231 000 46 200 77 000 363 000 202 300 73 500 92 700 130 000 15 200 56 500 55 400 36 200 25 200 15 900 9 100 785 400 371 900 140 200 6 400 16 800 8 100 47 200 12 500 73 400 10 100 26 300 53 600 37 700 32 000 21 000 11 400 3 200 CI60121.51 1F X C The following intormation Pentax C1601 21-S11E/tool/5fe1882 2217-4b8e 9706 24619f8cb8f9/jsf/delivery/deliver Assessment * YouTube 2. Additional information 2.1 The following pertains to property, plant and equipment: 2.1.1 During the year machinery and equipment with a carrying amount of R35 000 was sold. This transaction has been correctly recorded. 2.1.2 Land and buildings with a cost price of R50 000 were sold for cash at the same amount. Land and buildings are not depreciated. 2.1.3 All purchases of property, plant and equipment pertained to replacements and were paid in full. 2.2 On 29 February 20.21 Dolly Limited declared ordinary shares dividend of 38 cents per share whilst the preference share dividends amounted to R20 800. 2.3 The interest expense on the long-term loan amounted to R8 500 and was added in the administrative, distribution and other expenses amount above. 2.4 On 31 August 20,20, when the total number of ordinary shares issued were 120 000 shares, the shareholders approved the capitalisation issue of one (1) ordinary share for every four (4) ordinary shares held. The capitalisation issue was done from retained earnings at R0.50 per share. All other issued shares were paid for in cash, QUESTION 1 QUESTION 1 Which of the following alternatives represents the correct amount that must be disclosed as cash receipts from customers in the cash generated from operations section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 686 000 B. 776 000 . C. 877 800 . D. 887 600 . E. 695 000 . F. 785 400 Reset Selection QUESTION 2 Assume the correct cash receipts from customers is R800 000. Which of the following alternatives represents the correct amount that must be disclosed as cash generated from operations in the cash flows from operating activities section according to direct method in the statement of cash flows of Dolly Limited for the year ended 28 February 20.21? A. 267 900 . B. 218 400 C. 280 900 D. 133 200 . E. 205 900 F. 333 900 Roset Selection QUESTION 3 Which of the following alternatives represents the correct amount that must be disclosed as interest paid in the cash generated from operations section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 8 500 . B. 45 800 . C. (8 550) D. (8 500) . E. 8 550 F. (45 800) QUESTION 4 Which of the following alternatives represents the correct amount that must be disclosed as income tax paid in the cash flows from operating activities section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (47 200) B.(29 000) C. (29 800) . D. (29 500) E. 48 700) F. 445 800) Reset Selecido QUESTION 5 Which of the following alternatives represents the correct amount that must be disclosed as dividends received in the cash flows from operating activities section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 11 000 . B. 12 600 . C. 16 800 D. 18 900 E. 14 400 F. 15 000 Reset Selection QUESTION 6 Which of the following alternatives represents the correct amount that must be disclosed as dividends paid in the cash flows from operating activities section according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (62 400) . B. (73 800) C. (62 200) D. (61 900) . E. (73 600) . F. 73.300) Reset Selection Question 7 of 17 2.5 Points QUESTION 7 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 according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (123 800) B. (115 000) 0 0 . C.0 D. (139 400) E. (130 000) . F. (110 000) Reset Selection in An17 2.5 Points QUESTION 8 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 according to direct method in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (115 000) . B. (110 000) C. (123 600) . D. (130 000) E. (139 400) F. O Reset Selection QUESTION 9 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of machinery and equipment under investment in property, plant and equipment to expand operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (22 000) . B. (57 000) . C. (57 500) D. (57 100) E. (22 500) . F.0 Reset Selection QUESTION 10 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of machinery and equipment under investment in property, plant and equipment to maintain operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (57 500) B. (57 000) . . C.0 . D. (57100) E. (22 000) F. (22 500) . Reset Selection QUESTION 11 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of land and buildings under investment in property plant and equipment to maintain operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. (72 000) B. (74200) . C.O . D. (22 000) . E. (24 200) - F. (70 000) Reset Selection QUESTION 12 Which of the following alternatives represents the correct amount that must be disclosed as addition/replacement of land and buildings under investment in property plant and equipment to expand operating capacity in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20 21? . A. (70000) B. (74200) . C. 24 200) D. 22 000) . E. (72000) . OF.0 Resot Selection QUESTION 13 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from sale of land and buildings in the cash flows from investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 50 000 B. (50 000) CO D. (55 000) . E. 55 000 . F. (55 500) Rose Selection QUESTION 14 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from sale of machinery and equipment in the cash flows from investing activities in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? A. 42 800 . B. 26 900 . C. 43 100 . D. 28 000 E. 42 000 . F. 27 200 Reset Selection QUESTION 15 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from issue of shares in the investing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 65 900 . B.72 400 C. 50 900 . DO E. 57 400 . F. 45000 Reset Selection QUESTION 16 Which of the following alternatives represents the correct amount that must be disclosed as proceeds from issue of shares in the financing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? . A. 65 900 . B. 45 000 C. 60 000 D.72 400 E. 50 900 F. 57 400 Resot Selection Question 17 of 17 20 Points QUESTION 17 Which of the following alternatives represents the correct amount that must be disclosed as repayment of long- term loans in the financing activities section in the statement cash flows of Dolly Limited for the year ended 28 February 20.21? A. (38 500) . B. (42 100) C. (33 000) D. (45 100) . E. (36 300 F. (30 000) Roset Solection