Exam (elaborations)
FAC 1602 ASSESSMENT 05 SEMESTER 2 2023
- Course
- Institution
FAC 1602 ASSESSMENT 05 SEMESTER 2 2023
[Show more]
Seller
Follow
warasmyeko
Reviews received
Content preview
10/29/23, 10:20 AM Assessment 5 (page 4 of 5) 2023 FAC1602-23-S2 Welcome Message Assessment 5
QUIZ
Time left 3:42:20
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14363364&cmid=673041&page=3#question-14553178-37 1/9
, 10/29/23, 10:20 AM Assessment 5 (page 4 of 5)
Question 30
Answer saved
Marked out of 3.00
The information below relates to questions below:
Established in 2002 by the visionary sisters, Guga and
Othandayo Dube, Sidvokodvo Enviro Services CC, was
born out of a deep-rooted expertise in the mining
sector. With a cumulative experience spanning five
decades, the Dube siblings sought to leverage their
profound knowledge in the face of rapidly expanding
infrastructure projects nationwide. Recognising a
niche, they strategically positioned the company to
offer specialised environmental consultancy services
tailored to the mining and rail sectors. As the nation
underwent significant infrastructural growth,
Sidvokodvo Enviro Services CC emerged as a
frontrunner in ensuring eco-friendly and sustainable
practices in these pivotal industries.
The following information pertains to Sidvokodvo
Enviro Services CC.
Extract of balances from the statement of financial
position information as at 28 February 2023:
2023 2022
R R
SARS (income tax) liability 71,500 49,500
Trade payables control 72,900 70,300
Accrued expenses (telephone) 20,500 15,100
Distribution to members payable 46,700 42,000
Mortgage loan - Hlane Merchant Bank 102,900 148,100
Trade receivables control 123,800 113,200
Listed investments carried at fair value 173,500 23,400
Inventory 95,600 84,500
Cash and cash equivalents 20,300 35,800
Dividends receivable 31,800 26,400
Prepaid IT expenses 11,500 17,500
Members contribution: Guga 348,900 286,200
Members contribution: Othandayo 287,300 272,600
Retained earnings 62,900 51,300
Office furniture at carrying amount 20,000 -
Computer equipment at carrying amount 267,400 254,700
Land and buildings at cost 627,600 466,900
Revaluation surplus on land and buildings 91,600 70,100
Extract of items disclosed in the statement of profit or
loss and other comprehensive income for the year
ended 28 February 2023:
R
Profit on sale of equipment 12,600
Investment income: Dividends income 26,400
Profit on sale of land 79,400
Telephone expense 114,900
Fair value loss on listed investments 9,000
IT expense 16,800
Other admin and operating expenses 207,600
Revenue 1,152,500
Cost of sales 550,700
Depreciation for the year 21,500
Income tax expense 81,800
2. Additional information
2.1 The cash and cash equivalents is made up of:
2023 2022
Bank balances R15 300 R27
200
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=14363364&cmid=673041&page=3#question-14553178-37 2/9
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller warasmyeko. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.92. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now