30 June 202130 June 2020RRInventories302 000292 000Trade receivables690 000720 000Trade payables400 000385 000Taxation payable75 00060 000Prepaid expenses8 0002 000Accrued expenses84 00088 000Required:Prepare only the "Cash generated by operations" section of the statement of cash flowsfor the year ended 30 June 2021, using the indirect method(10) The following are extracts from the financial records of COF (Pty) Ltd for the year ended30 June 2021:Extract from the statement of profit or loss and other comprehensive incomefor the year ended 30 June 202130 June 2021RRevenue from sale of goods920 000Cost of sales490 000Profit on sale of non-current assets31 000Commission income23 000Audit fees84 000Depreciation72 000Interest expense (finance cost)20 000Income tax expense87 000Profit for the year (after tax)123 000Extract from the statement of financial position as at 30 June 2021

Cash flows from operating activities is an important section of cash flow statement, which shows all…

Answered: 30 June 2021 30 June 2020 R R…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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23. Help me selecting the right answer. Thank you
please answer last two subparts only D E
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