Examen
FAC1601 Assignment 5 2024| Due 11 June 2024
- Grado
- Institución
fac1601 Assignment 5 Official 2024
[Mostrar más]Vista previa 2 fuera de 27 páginas
Vista previa 2 fuera de 27 páginas
Añadir al carrito
Añadir al carrito
5 reseñas
Por: lebelominky • 4 meses hace
Por: yoliswadladla • 5 meses hace
Por: 09wines-senders • 5 meses hace
Por: Bronwanw • 5 meses hace
Por: jacolize21 • 5 meses hace
Vendedor
Seguir
Midoris
Comentarios recibidos
Vista previa del contenido
1. UNISA2. 2024
3. FAC1601-24-S1
4. Welcome Message
5. Assessment 5
QUIZ
Assessment 5
Open course index
Question 1
Open block drawer
QUESTION 1
Which of the following alternatives represents the correct amount that must be disclosed as proceeds from issue of shares
in the cash ows from nancing activities section according to direct method in the statement cash ows of Sibasa Supplies
Limited for the year ended 28 February 2024?
a. R 0
b. R (990,500)
c. R 101,000
d. R 990,500
Clear my choice
Question 2
Not yet answered
Marked out of 2.00
QUESTION 2
Which of the following alternatives represents the correct amount of total non-cash items added to (deducted from) pro t
before tax as part of the adjustments in the cash generated from operations section according to indirect method in the
statement of cash ows of Sibasa Supplies Limited for the year ended 28 February 2024?
a. R (14,300)
b. R (18,200)
c. R 18,200
d. R 14,300
Clear my choice
, Question 3
Answer saved
Marked out of 2.00
You have been provided with the following data to aid in the preparation of the statement of cash flows for Sibasa Supplies
Limited, a company that supplies cleaning consumables to public and private health facilities in the Vhembe District
Municipality:
Extract of items from the statement of financial position information as at 28 February 2024:
2024 2023
R R
Dividends receivable 25,800 15,500
Listed investment at fair value 350,200 291,000
Current tax receivable 32,700 12,000
Inventory 94,100 73,600
Interest receivable 2,200 4,800
Trade debtors control 67,400 65,300
Bank (Dr) 60,100 41,800
Loans to director 351,700 334,700
Heating equipment at cost 240,600 296,500
Accumulated depreciation: Heating equipment 52,600 19,400
Land and buildings 1,107,200 669,900
Share capital 990,500 889,500
Retained earnings 1,214,900 699,800
Revaluation reserve 215,500 156,800
Mortgage 107,300 292,000
Dividends payable 15,300 24,800
Trade creditors control 42,500 25,600
Interest payable 17,200 12,900
Extract of items disclosed in the statement of profit or loss and other comprehensive income information for the year ended 28
February 2024:
R
Loss on sale of heating equipment 15,500
Interest income: loans to directors 13,000
Investment income: Dividends 15,600
Rental income 30,500
Gain on financial assets at fair value through profit or loss 29,600
Interest expense 14,300
Depreciation 63,300
Income tax expense 247,200
Additional information
1. Investments in listed entities are held for trading and recognised through profit and loss.
2. To support the cash flow position, the company sold property, plant, and equipment for cash.
3. According to the company's policy, all loans advanced to directors are immediately callable and the interest charged is
capitalised.
4. The purchases of property, plant, and equipment were made in cash to replace old items. It is the company’s accounting
not to depreciate land and buildings.
5. Vhembe Cleaning Supplies Limited's net cash flow position worsened significantly towards the end of the financial year.
Consequently, only R145,000 was paid as dividends to shareholders in cash.
6. The company presents the statement of cash flows using the indirect method.
Which of the following alternatives represents the correct amount that must be disclosed as profit before tax in the cash
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable. Así llegas a la conclusión rapidamente!
Preguntas frecuentes
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.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Midoris. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for 2,73 €. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
45,681 summaries were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now