The information below relates to questions 1 – 20: The following information relates to Phokwane Limited: Extract of ite
Posted: Mon May 23, 2022 11:56 am
The information below relates to questions 1 – 20:
The following information relates to Phokwane Limited:
Extract of items from the statement of financial position
information as at 28 February 2022:
Extract of items disclosed in the statement of profit or
loss and other comprehensive income information for the year
ended 28 February 2022:
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.
Question 7
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.0
b.10 000
c.(2 700)
d.2 700
e.(10 000)
Question 8
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.(2 700)
b.10 000
c.2 700
d.(10 000)
e.0
Question 9
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.(27 400)
b.46 400
c.(46 400)
d.27 400
e.0
Question 10
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.46 400
b.0
c.27 400
d.(46 400)
e.(27 400)
Question 11
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.16 100
b.(11 600)
c.(16 100)
d 0
e.11 600
Question 12
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.(16 100)
c.16 100
d.0
e.(11 600)
Question 13
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.(9 000)
b.(6 000)
c.(9 000)
d.9 000
e.6 000
Question 14
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.(154 200)
b.(141 100)
c.141 100
d.154 200
e.(167 300)
Question 15
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.270 800
d.0
e.(230 800)
Question 16
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.0
b.270 800
c.(230 800)
d.(270 800)
e.230 800
Question 17
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds on sale of
property, plant and equipment 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.(10 800)
b.(16 600)
c.16600
d.0
e.10 800
Question 18
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds from issue
of shares in the cash flows from operating activities
section according to direct method in the statement cash flows of
Phokwane Limited for the year ended 28 February 2022?
a.34 300
b.0
c.(34 300)
d.(68 800)
e.68 800
Question 19
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds from issue
of shares in the cash flows from financing activities
section according to direct method in the statement cash flows of
Phokwane Limited for the year ended 28 February 2022?
a.0
b.34 300
c.(34 300)
d.68 800
e.(68 800)
Question 20
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds from
(repayment of) long-term loans in the cash flows from
financing activities section according to direct method in the
statement cash flows of Phokwane Limited for the year ended 28
February 2022?
a.112 000
b.104 600
c.(104 600)
d.95 000
e.(95 000)
The following information relates to Phokwane Limited:
Extract of items from the statement of financial position
information as at 28 February 2022:
Extract of items disclosed in the statement of profit or
loss and other comprehensive income information for the year
ended 28 February 2022:
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.
Question 7
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.0
b.10 000
c.(2 700)
d.2 700
e.(10 000)
Question 8
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.(2 700)
b.10 000
c.2 700
d.(10 000)
e.0
Question 9
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.(27 400)
b.46 400
c.(46 400)
d.27 400
e.0
Question 10
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.46 400
b.0
c.27 400
d.(46 400)
e.(27 400)
Question 11
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.16 100
b.(11 600)
c.(16 100)
d 0
e.11 600
Question 12
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.(16 100)
c.16 100
d.0
e.(11 600)
Question 13
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.(9 000)
b.(6 000)
c.(9 000)
d.9 000
e.6 000
Question 14
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.(154 200)
b.(141 100)
c.141 100
d.154 200
e.(167 300)
Question 15
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.270 800
d.0
e.(230 800)
Question 16
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.0
b.270 800
c.(230 800)
d.(270 800)
e.230 800
Question 17
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds on sale of
property, plant and equipment 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.(10 800)
b.(16 600)
c.16600
d.0
e.10 800
Question 18
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds from issue
of shares in the cash flows from operating activities
section according to direct method in the statement cash flows of
Phokwane Limited for the year ended 28 February 2022?
a.34 300
b.0
c.(34 300)
d.(68 800)
e.68 800
Question 19
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds from issue
of shares in the cash flows from financing activities
section according to direct method in the statement cash flows of
Phokwane Limited for the year ended 28 February 2022?
a.0
b.34 300
c.(34 300)
d.68 800
e.(68 800)
Question 20
Which of the following alternatives represents the correct
amount that must be disclosed as proceeds from
(repayment of) long-term loans in the cash flows from
financing activities section according to direct method in the
statement cash flows of Phokwane Limited for the year ended 28
February 2022?
a.112 000
b.104 600
c.(104 600)
d.95 000
e.(95 000)