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
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[Show More] 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. Which of the following alternatives represents the correct amount that must be disclosed as profit before tax in the cash generated from operations section according to indirect method in the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 402 700 b. 469 200 c. 580 000 d. 440 000 e. 504 000 Clear my choice Dashboard / Courses / UNISA / 2022 / Semester 1 / FAC1601-22-S1 / Welcome Message / Assessment 4 MENU Downloaded by: DistinctionsGuaranteed | [email protected] Distribution of this document is illegal Stuvia.com - The study-notes marketplace 18/05/2022, 09:29 Assessment 4 (page 1 of 3) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=3527598&cmid=298473 3/9 Question 2 Not yet answered Marked out of 4.00 Question 3 Not yet answered Marked out of 4.00 Question 4 Not yet answered Marked out of 3.00 Which of the following alternatives represents the correct amount of total non-cash items added to (deducted from) profit before tax as part of the adjustments in the cash generated from operations section according to indirect method in the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. (26 800) b. (600) c. 26 800 d. 600 e. (27 200) Clear my choice Which of the following alternatives represents the correct amount of total separately disclosable items added to (deducted from) profit before tax as part of the adjustments in the cash generated from operations section according to indirect method in the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 600 b. (27 200) c. (26 800) d. 26 800 e. (600) Clear my choice Which of the following alternatives represents the correct amount that must be disclosed as increase (decrease) in trade receivables in the cash generated from operations section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 10 400 b. 2 500 c. (2 900) d. (2 500) e. 2 900 Clear my choice Dashboard / Courses / UNISA / 2022 / Semester 1 / FAC1601-22-S1 / Welcome Message / Assessment 4 MENU Downloaded by: DistinctionsGuaranteed | [email protected] Distribution of this document is illegal Stuvia.com - The study-notes marketplace 18/05/2022, 09:29 Assessment 4 (page 1 of 3) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=3527598&cmid=298473 4/9 Question 5 Not yet answered Marked out of 4.00 Question 6 Not yet answered Marked out of 3.00 Question 7 Not yet answered Marked out of 4.00 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 Phokwane Limited for the year ended 28 February 2022? a. 10 400 b. 2 500 c. (2 500) d. (10 400) e. 10 400 Clear my choice 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 Phokwane Limited for the year ended 28 February 2022? a. (13 400) b. (57 800) c. 44 400 d. 13 400 e. (44 400) Clear my choice 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 Phokwane Limited for the year ended 28 February 2022? a. 10 000 b. 0 c. 2 700 d. (10 000) e. (2 700) Clear my choice Dashboard / Courses / UNISA / 2022 / Semester 1 / FAC1601-22-S1 / Welcome Message / Assessment 4 MENU Downloaded by: DistinctionsGuaranteed | [email protected] Distribution of this document is illegal Stuvia.com - The study-notes marketplace 18/05/2022, 09:29 Assessment 4 (page 1 of 3) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=3527598&cmid=298473 5/9 Question 8 Not yet answered Marked out of 4.00 Question 9 Not yet answered Marked out of 4.00 Question 10 Not yet answered Marked out of 4.00 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 Phokwane Limited for the year ended 28 February 2022? a. 0 b. 10 000 c. 2 700 d. (10 000) e. (2 700) Clear my choice 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 Phokwane Limited for the year ended 28 February 2022? a. 0 b. 46 400 c. (27 400) d. 27 400 e. (46 400) Clear my choice 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 Phokwane Limited for the year ended 28 February 2022? a. (27 400) b. 0 c. (46 400) d. 46 400 e. 27 400 Clear my choice Dashboard / Courses / UNISA / 2022 / Semester 1 / FAC1601-22-S1 / Welcome Message / Assessment 4 MENU Downloaded by: DistinctionsGuaranteed | [email protected] Distribution of this document is illegal Stuvia.com - The study-notes marketplace 18/05/2022, 09:29 Assessment 4 (page 1 of 3) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=3527598&cmid=298473 6/9 Question 11 Not yet answered Marked out of 4.00 Question 12 Not yet answered Marked out of 4.00 Question 13 Not yet answered Marked out of 4.00 Which of the following alternatives represents the correct amount that must be disclosed as loans advanced to (received from) directors of the company in the cash flows from financing activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 11 600 b. (11 600) c. (16 100) d. 0 e. 16 100 Clear my choice Which of the following alternatives represents the correct amount that must be disclosed as loans advanced to (received from) directors of the company in the cash flows from operating activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 11 600 b. 0 c. (16 100) d. 16 100 e. (11 600) Clear my choice Which of the following alternatives represents the correct amount that must be disclosed as interest paid in the cash flows from operating activities section of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 6 000 b. (9 000) c. 9 000 d. (9 000) e. (6 000) Clear my choice Dashboard / Courses / UNISA / 2022 / Semester 1 / FAC1601-22-S1 / Welcome Message / Assessment 4 MENU Downloaded by: DistinctionsGuaranteed | [email protected] Distribution of this document is illegal Stuvia.com - The study-notes marketplace 18/05/2022, 09:29 Assessment 4 (page 1 of 3) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=3527598&cmid=298473 7/9 Question 14 Not yet answered Marked out of 4.00 Question 15 Not yet answered Marked out of 4.00 Question 16 Not yet answered Marked out of 4.00 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 of the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 141 100 b. (167 300) c. (154 200) d. (141 100) e. 154 200 Clear my choice Which of the following alternatives represents the correct amount that must be disclosed as additions to property, plant and equipment under investment in property plant and equipment to maintain operating capacity in the cash flows from investing activities section according to direct method in the statement cash flows of Phokwane Limited for the year ended 28 February 2022? a. (270 800) b. 230 800 c. (230 800) d. 270 800 e. 0 Clear my choice Which of the following alternatives represents the correct amount that must be disclosed as additions to property, plant and equipment under investment in property plant and equipment to expand operating capacity in the cash flows from investing activities section according to direct method in the statement cash flows of Phokwane Limited for the year ended 28 February 2022? a. 270 800 b. 230 800 c. (230 800) d. (270 800) e. 0 [Show Less]