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QUESTION FOUR [20] The following information was extracted from the Financial Statements of RR Trading....

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Accounting

QUESTION FOUR [20] The following information was extracted from the Financial Statements of RR Trading. Extracts from the Statement of Financial Position as at 28 February 2022 2022 2021 R R Inventory 300 000 340 000 Trade and other receivables 113 500 95 000 Trade and other payables 159 000 102 000 SARS Income tax 18 000 (DR) 50 000 (CR) Extracts from the Statement of Financial Performance for the year 28 February 2022 2022 2021 R R Net profit before tax 1 050 500 1 350 000 Income Tax 440 000 520 000 Interest on loans 53 000 44 000 Dividend Paid 380 000 Depreciation 55 000 45 000

Required: 4.1 Prepare the Reconciliation between Profit before Taxation and Cash Generated from Operations Note. (10) 4.2 Prepare an extract of the Cash Flow Statement showing Cash Flows from Operating Activities. (10) NB: All workings must be shown for all questions

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