Results |Finish The following are extracts from the financial records of COF (Pty) Ltd for the year ended 30 June 2021: Extract from the statement of profit or loss and other comprehensive income for the year ended 30 June 2021 30 June 2021 Revenue from sale of goods Cost of sales Profit on sale of non-current assets Commission income Audit fees 920 000 490 000 31 000 23 000 84 000 Depreciation Interest expense (finance cost) Income tax expense 72 000 20 000 87 000 Profit for the year (after tax) Extract from the statement of financial position as at 30 June 2021 BACHELOR OF COMMERCE YEAR 1-ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE + REGENT BUSINESS SCHOOL (RBS) - JANUARY 2021 43 123 000 30 June 2021 30 June 2020 R R 292 000 720 000 385 000 302 000 Inventories Trade receivables Trade payables Taxation payable Prepaid expenses Accrued expenses Required: 690 000 400 000 60 000 2 000 75 000 8 000 84 000 88 000 Prepare only the "Cash generated by operations" section of the statement of cash flows for the year ended 30 June 2021, using the indirect method (10)

Results |Finish The following are extracts from the financial records of COF (Pty) Ltd for the year ended 30 June 2021: Extract from the statement of profit or loss and other comprehensive income for the year ended 30 June 2021 30 June 2021 Revenue from sale of goods Cost of sales Profit on sale of non-current assets Commission income Audit fees 920 000 490 000 31 000 23 000 84 000 Depreciation Interest expense (finance cost) Income tax expense 72 000 20 000 87 000 Profit for the year (after tax) Extract from the statement of financial position as at 30 June 2021 BACHELOR OF COMMERCE YEAR 1-ACADEMIC AND ASSESSMENT CALENDAR - DISTANCE + REGENT BUSINESS SCHOOL (RBS) - JANUARY 2021 43 123 000 30 June 2021 30 June 2020 R R 292 000 720 000 385 000 302 000 Inventories Trade receivables Trade payables Taxation payable Prepaid expenses Accrued expenses Required: 690 000 400 000 60 000 2 000 75 000 8 000 84 000 88 000 Prepare only the "Cash generated by operations" section of the statement of cash flows for the year ended 30 June 2021, using the indirect method (10)

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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