investments Debentures 12.5% inventory Trade debtors Prepaid expenses Trade creditors Bank overdraft SARS (income tax) Shareholders for dividends 165 000 20 000 124 000 37 000 Profit before interest and tax Depreciation on equipment Dividends received on investments nterest on dividends ncome tax 25 000 21 000 5 000 30 000 Statement of comprehensive income for the year 31 December 2021 110 000 60 000 120 000 28 500 1500 42 500 25 000 R REGENT BUSINESS SCHOOL (RBS) ACADEMIC AND ASSESSMENT CALENDAR-JANUARY 2022 7 500 20 000 149 500 5 000 18 000 7500 50 000 25

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 16E
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The following financial information relates to Cams Limited.
Statement of Financial Position as at 31 December 2020 and 2021
2021
Ordinary share capital
Retained earnings
Property, plant and equipment
Investments
Debentures 12.5%
Inventory
Trade debtors
Prepaid expenses
Trade creditors
Bank overdraft
SARS (income tax)
Shareholders for dividends
R
400 000
000
Profit before interest and tax
Depreciation on equipment
Dividends received on investments
Interest on dividends
Income tax
55
230 000
165 000
20 000
124 000
37 000
25
21
000
000
5 000
30 000
Statement of comprehensive income for the year 31 December 2021
REGENT BUSINESS SCHOOL (RBS) ACADEMIC AND ASSESSMENT CALENDAR-JANUARY 2022
Note no. 1 for the year ended 31 December 2020 and 2021
Property, plant and equipment
Land and building at cost
Equipment at carrying value
R
295 000
5000
195 000
2021 (R)
200 000
30.000
230 000
110 000
60 000
R
2020
120
000
28 500
1500
42 500
25 000
7 500
20 000
BACHELOR OF COMMERCE IN HUMAN RESOURCE MANAGEMENT YEAR 1-DISTANCE
Statement of changes in equity for the year ended 31 December 2021 R
Dividends on ordinary shares
60 000
149 500
5 000
18 000
7500
50 000
2020 (R)
160 000
35.000
195.000
Additional information
1. No equipment was purchased or sold during the financial year ended 31 December
2021
2. Ordinary shares were issued during the year.
Required:
Use the information provided above to prepare the cash flow statement for the year
ended 31 December 2021.
25
Transcribed Image Text:The following financial information relates to Cams Limited. Statement of Financial Position as at 31 December 2020 and 2021 2021 Ordinary share capital Retained earnings Property, plant and equipment Investments Debentures 12.5% Inventory Trade debtors Prepaid expenses Trade creditors Bank overdraft SARS (income tax) Shareholders for dividends R 400 000 000 Profit before interest and tax Depreciation on equipment Dividends received on investments Interest on dividends Income tax 55 230 000 165 000 20 000 124 000 37 000 25 21 000 000 5 000 30 000 Statement of comprehensive income for the year 31 December 2021 REGENT BUSINESS SCHOOL (RBS) ACADEMIC AND ASSESSMENT CALENDAR-JANUARY 2022 Note no. 1 for the year ended 31 December 2020 and 2021 Property, plant and equipment Land and building at cost Equipment at carrying value R 295 000 5000 195 000 2021 (R) 200 000 30.000 230 000 110 000 60 000 R 2020 120 000 28 500 1500 42 500 25 000 7 500 20 000 BACHELOR OF COMMERCE IN HUMAN RESOURCE MANAGEMENT YEAR 1-DISTANCE Statement of changes in equity for the year ended 31 December 2021 R Dividends on ordinary shares 60 000 149 500 5 000 18 000 7500 50 000 2020 (R) 160 000 35.000 195.000 Additional information 1. No equipment was purchased or sold during the financial year ended 31 December 2021 2. Ordinary shares were issued during the year. Required: Use the information provided above to prepare the cash flow statement for the year ended 31 December 2021. 25
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