Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question five [10] the following are extracts from

QUESTION FIVE [10] The following are extracts from the financial records of COF (Pty) Ltd...

90.2K

Verified Solution

Question

Accounting

image

image

QUESTION FIVE [10] The following are extracts from the financial records of COF (Pty) Ltd for the year ended 30 June 2021: Extract from the statement of profit or loss and other comprehensive income for the year ended 30 June 2021 30 June 2021 R 920 000 Revenue from sale of goods Cost of sales 490 000 31 000 Profit on sale of non-current assets Commission come 23 000 Audit fees Depreciation Interest expense (finance cost) Income tax expense Profit for the year (after tax) 84 000 72 000 20 000 87 000 123 000 Extract from the statement of financial position as at 30 June 2021 BACHELOR OF COMMERCE YEAR 1 - ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE 30 June 2021 R 30 June 2020 R Inventories Trade receivables 302 000 690 000 400 000 75 000 Trade payables Taxation payable Prepaid expenses Accrued expenses 292 000 720 000 385 000 60 000 2 000 8 000 84 000 88 000 Required: Prepare only the "Cash generated by operations" section of the statement of cash flows for the year ended 30 June 2021, using the indirect method

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

?(NPV with varying required rates of return?) Gubanich Sportswear is considering building a new factory to...

Finance
Q

Consider the Arrhenius equation. K= Ae-Ea/RT Discuss the effect of changing the basicity of the nucleophile would have...

Chemistry
Q

a. How do dislocation junctions contribute to strengthening? b. The addition of C to Fe greatly...

Mechanical Engineering
Q

Water is heated in a mixing chamber by mixing it with hot water coming from a...

Mechanical Engineering
Q

How can acclimatization turn into adaptation

Biology
Q

1 Given f x your answers a f g x b g f x 2...

Basic Math
Q

Question 8 Quadrilateral ABCD has vertices located at A 2 4 B 6 4 and...

Basic Math
Q

Find equations of the tangent plane and normal line to the surface x 12 22...

Calculus
Q

Use the graph to answer the following questions

Algebra
Q

24. The following information pertains to revenue earned by Timm Co.'s industry segments for the...

Accounting
Q

Using an effective rate of interest of 6% per annum, calculate the DISCOUNTED MEAN TERM...

Accounting
Q

You will be analyzing the following firms: a. Ross Stores Inc (ROST) b. TJX Companies...

Accounting