Here are the financial statements of Karriem Manufacturing Company Ltd: Additional information: 1. A new machine was
Question:
Here are the financial statements of Karriem Manufacturing Company Ltd:
Additional information:
1. A new machine was purchased to replace an old one during the current financial year.
– The old machine had originally cost R12 000 and was sold for R3 200.
– At the date of the sale accumulated depreciation amounting to R7 600 was provided for.
2. On 1 June 20x9, land and buildings were revalued to R280 000.
3. Included in payables are amounts owing to the SARS:
4. Interest paid during the year amounted to R28 000.
5. Dividends declared amounted to R20 000.
You are required to:
Prepare a statement of cash flows for the year ended 31 December 20x9.
Step by Step Answer:
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit