FAC1601 Assignment 4 Semester 12022

Extract of items from the statement of financial position information as at 28 February 2022: R R Land and buildings at cost Furniture and equipment at cost Accumulated depreciation: Furniture and equipment Loans to director Trade debtors control Interest receivable - 6 000 Trade creditors control Mortgage Share capital Retained earnings Revaluation reserve Current tax receivable Inventory Listed investment at fair value Bank (Dr) Interest payable Dividends receivable Dividends payable Extract of items disclosed in the statement of profit or loss and other comprehensive income information for the year ended 28 February 2022: R Gain on financial assets at fair value through profit or loss 19 000 Rental income 17 600 Investment income: Dividend received 9 600 Depreciation (furniture and equipment) 35 400 Loss on sale of furniture and equipment 10 400 Interest expense 9 000 Income tax expense 154 200 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. Which of the following alternatives represents the correct amount that must be disclosed as profit before tax in the cash generated from operations section according to indirect method in the statement of cash flows of Phokwane Limited for the year ended 28 February 2022? a. 402 700 b. 469 200 c. 580 000 d. 440 000 e. 504 000 Clear my choice  Dashboard / Courses / UNISA / 2022 / Semester 1 / FAC1601-22-S1 / Welcome Message / Assessment 4 MENU  Downloaded by: DistinctionsGuaranteed | Distribution of this document is illegal S - The study-notes marketplace 18/05/2022, 09:29 Assessment 4 (page 1 of 3)